Element Solutions Inc. $ESI Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Element Solutions Inc. (NYSE:ESI) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 883,656 shares of the company’s stock after buying an additional 37,610 shares during the period. Envestnet Asset Management Inc.’s holdings in Element Solutions were worth $22,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Scopus Asset Management L.P. raised its stake in Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after purchasing an additional 1,965,691 shares during the period. Ilex Capital Partners UK LLP raised its position in shares of Element Solutions by 61.7% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock worth $105,465,000 after buying an additional 1,777,265 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Element Solutions by 253.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock worth $59,146,000 after buying an additional 1,684,994 shares during the period. Merewether Investment Management LP acquired a new position in Element Solutions in the second quarter valued at $28,031,000. Finally, SG Capital Management LLC purchased a new stake in Element Solutions during the second quarter valued at about $26,257,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of ESI stock opened at $32.33 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.05 and a quick ratio of 3.28. The company’s fifty day moving average price is $27.93 and its two-hundred day moving average price is $26.41. The firm has a market capitalization 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. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $33.34.

Element Solutions Announces Dividend

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

Insiders Place Their Bets

In related news, insider Matthew Liebowitz sold 37,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ESI. BMO Capital Markets lowered Element Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Mizuho cut their price target on shares of Element Solutions from $31.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Bank of America boosted their price objective on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. KeyCorp raised their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, UBS Group increased their price target on Element Solutions from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus 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.