Bessemer Group Inc. Boosts Stock Position in Element Solutions Inc. $ESI

Bessemer Group Inc. lifted its position in shares of Element Solutions Inc. (NYSE:ESI) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,465,218 shares of the company’s stock after purchasing an additional 230,277 shares during the period. Bessemer Group Inc. owned 0.61% of Element Solutions worth $36,615,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ESI. Dimensional Fund Advisors LP boosted its position in Element Solutions by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after acquiring an additional 139,751 shares in the last quarter. Invesco Ltd. boosted its position in Element Solutions by 68.6% during the 3rd quarter. Invesco Ltd. now owns 4,922,726 shares of the company’s stock valued at $123,905,000 after acquiring an additional 2,003,724 shares in the last quarter. Locust Wood Capital Advisers LLC boosted its position in Element Solutions by 9.6% during the 3rd quarter. Locust Wood Capital Advisers LLC now owns 4,722,464 shares of the company’s stock valued at $118,864,000 after acquiring an additional 413,834 shares in the last quarter. American Century Companies Inc. boosted its position in Element Solutions by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock valued at $105,609,000 after acquiring an additional 916,804 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Element Solutions by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock valued at $102,479,000 after acquiring an additional 562,205 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director E Stanley Oneal sold 143,564 shares of Element Solutions stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the completion of the transaction, the director directly owned 147,832 shares in the company, valued at approximately $5,250,992.64. This trade represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.20% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the topic of several research reports. KeyCorp lifted their price objective on Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Bank of America lifted their price objective on Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Element Solutions presently has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Price Performance

ESI stock opened at $42.34 on Friday. The firm has a 50 day moving average price of $36.83 and a 200-day moving average price of $31.27. Element Solutions Inc. has a 52-week low of $20.80 and a 52-week high of $45.51. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 68.30, a PEG ratio of 1.52 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68.

Element Solutions (NYSE:ESI) last released its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm had revenue of $840.00 million during the quarter, compared to analyst estimates of $710.51 million. During the same period last year, the business earned $0.34 earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. Equities research analysts forecast that Element Solutions Inc. will post 1.78 EPS for the current fiscal year.

Element Solutions Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.