Element Solutions Inc. $ESI Shares Acquired by Castleark Management LLC

Castleark Management LLC increased its stake in shares of Element Solutions Inc. (NYSE:ESI) by 135.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,310 shares of the company’s stock after purchasing an additional 136,540 shares during the period. Castleark Management LLC owned 0.10% of Element Solutions worth $5,375,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Public Sector Pension Investment Board raised its holdings in shares of Element Solutions by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 760,618 shares of the company’s stock worth $17,228,000 after acquiring an additional 54,048 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in Element Solutions during the 2nd quarter worth about $217,000. Headlands Technologies LLC raised its stake in Element Solutions by 631.8% in the 2nd quarter. Headlands Technologies LLC now owns 16,377 shares of the company’s stock valued at $371,000 after purchasing an additional 14,139 shares during the last quarter. Walnut Level Capital LLC purchased a new position in Element Solutions in the 2nd quarter valued at about $1,812,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Element Solutions by 1.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 293,020 shares of the company’s stock worth $6,640,000 after purchasing an additional 3,931 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Activity

In related news, insider Matthew Liebowitz sold 37,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares of the company’s stock, valued at approximately $3,122,653.80. This trade represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 292,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $27.00, for a total transaction of $7,884,000.00. Following the completion of the transaction, the director owned 306,880 shares in the company, valued at $8,285,760. This represents a 48.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 497,399 shares of company stock worth $13,360,761 over the last three months. Insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ESI. Fermium Researc raised shares of Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. Truist Financial boosted their price target on Element Solutions from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, October 8th. Bank of America upped their target price on Element Solutions from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets increased their target price on Element Solutions from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and an average price target of $30.75.

Element Solutions Trading Down 4.8%

NYSE:ESI opened at $26.32 on Monday. The business’s 50-day moving average is $26.06 and its two-hundred day moving average is $24.85. The firm has a market capitalization of $6.37 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $27.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.05 and a quick ratio of 3.28.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $656.10 million during the quarter, compared to the consensus estimate of $645.13 million. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Research analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 1.2%. Element Solutions’s dividend payout ratio (DPR) is 32.32%.

Element Solutions Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.