Caprock Group LLC Purchases New Stake in Element Solutions Inc. $ESI

Caprock Group LLC acquired a new position in Element Solutions Inc. (NYSE:ESI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,972 shares of the company’s stock, valued at approximately $1,208,000.

Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in shares of Element Solutions by 0.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 51,200 shares of the company’s stock worth $1,289,000 after buying an additional 400 shares during the period. Versant Capital Management Inc grew its holdings in Element Solutions by 6.2% during the 3rd quarter. Versant Capital Management Inc now owns 7,415 shares of the company’s stock worth $187,000 after acquiring an additional 433 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Element Solutions by 4.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 16,672 shares of the company’s stock worth $420,000 after acquiring an additional 667 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Element Solutions by 154.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after purchasing an additional 678 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in Element Solutions by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 218,152 shares of the company’s stock valued at $4,941,000 after buying an additional 740 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Up 0.7%

Element Solutions stock opened at $32.33 on Friday. The company has a market capitalization of $7.82 billion, a PE ratio of 32.66, a PEG ratio of 1.37 and a beta of 1.28. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $33.34. The firm’s fifty day moving average is $27.93 and its 200 day moving average is $26.43. The company has a quick ratio of 3.28, a current ratio of 4.05 and a debt-to-equity ratio of 0.61.

Element Solutions Announces Dividend

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

Insider Buying and Selling

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of the 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 owned 117,393 shares in the company, valued at approximately $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ESI. KeyCorp lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Mizuho lowered their price target on shares of Element Solutions from $31.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Truist Financial increased their price objective on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Bank of America increased their price target on shares of Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Element Solutions Company 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.