Public Sector Pension Investment Board Has $22.30 Million Stake in Element Solutions Inc. $ESI

Public Sector Pension Investment Board boosted its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 16.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 885,887 shares of the company’s stock after acquiring an additional 125,269 shares during the period. Public Sector Pension Investment Board owned 0.37% of Element Solutions worth $22,298,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of Element Solutions during the third quarter worth about $1,208,000. Rhumbline Advisers lifted its stake in Element Solutions by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 505,978 shares of the company’s stock valued at $12,735,000 after acquiring an additional 11,114 shares in the last quarter. Navellier & Associates Inc. acquired a new position in Element Solutions during the 3rd quarter worth approximately $213,000. Oppenheimer Asset Management Inc. boosted its position in Element Solutions by 4.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 66,979 shares of the company’s stock worth $1,686,000 after acquiring an additional 2,561 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Element Solutions by 18.6% during the 3rd quarter. Bessemer Group Inc. now owns 1,234,941 shares of the company’s stock worth $31,083,000 after acquiring an additional 193,487 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

ESI stock opened at $32.33 on Friday. The firm has a market cap of $7.82 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.36 and a beta of 1.28. The firm’s fifty day moving average is $27.93 and its 200 day moving average is $26.41. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $33.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.32 annualized dividend and a yield of 1.0%. Element Solutions’s dividend payout ratio is currently 32.32%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ESI. Truist Financial increased their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. CJS Securities upgraded Element Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. UBS Group upped their price objective on Element Solutions from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, BMO Capital Markets cut shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Insider Transactions at Element Solutions

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of Element Solutions stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.60, for a total value of $984,200.00. Following the transaction, the insider directly owned 117,393 shares of the company’s stock, valued at $3,122,653.80. The trade was a 23.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.90% of the stock is currently owned by insiders.

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.