Caprock Group LLC Acquires New Shares in Element Solutions Inc. $ESI

Caprock Group LLC purchased a new stake in shares of Element Solutions Inc. (NYSE:ESI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,972 shares of the company’s stock, valued at approximately $1,208,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ESI. Elevation Point Wealth Partners LLC bought a new position in shares of Element Solutions in the second quarter worth $26,000. Farther Finance Advisors LLC raised its holdings in Element Solutions by 154.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock worth $28,000 after buying an additional 678 shares during the period. First Horizon Advisors Inc. lifted its stake in Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after buying an additional 1,129 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Element Solutions by 6,693.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,970 shares of the company’s stock worth $50,000 after buying an additional 1,941 shares during the period. Finally, Salomon & Ludwin LLC acquired a new position in Element Solutions in the 3rd quarter worth approximately $56,000. 92.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Element Solutions from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. BMO Capital Markets downgraded shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. KeyCorp upped their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Bank of America boosted their target price on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, CJS Securities raised Element Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Two 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, Element Solutions currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Insider Activity

In other news, insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 117,393 shares of the company’s stock, valued at $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.90% of the company’s stock.

Element Solutions Price Performance

Shares of ESI stock opened at $32.33 on Friday. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $33.34. The stock 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. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05. The stock’s fifty day moving average is $27.93 and its 200-day moving average is $26.43.

Element Solutions Dividend Announcement

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

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.