Osaic Holdings Inc. Has $4.85 Million Stock Position in Element Solutions Inc. $ESI

Osaic Holdings Inc. grew its position in Element Solutions Inc. (NYSE:ESI) by 2,624.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,671 shares of the company’s stock after purchasing an additional 206,791 shares during the period. Osaic Holdings Inc. owned about 0.09% of Element Solutions worth $4,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Johnson Investment Counsel Inc. boosted its stake in shares of Element Solutions by 1,245.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 123,805 shares of the company’s stock worth $2,804,000 after acquiring an additional 114,605 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in Element Solutions by 169.5% in the 1st quarter. Dark Forest Capital Management LP now owns 194,488 shares of the company’s stock worth $4,397,000 after purchasing an additional 122,320 shares during the last quarter. Comerica Bank boosted its position in Element Solutions by 436.5% during the first quarter. Comerica Bank now owns 90,870 shares of the company’s stock worth $2,055,000 after purchasing an additional 73,931 shares during the period. Walnut Level Capital LLC acquired a new position in Element Solutions during the second quarter valued at approximately $1,812,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Element Solutions by 48.1% in the first quarter. Cubist Systematic Strategies LLC now owns 244,447 shares of the company’s stock valued at $5,527,000 after purchasing an additional 79,433 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the transaction, the insider 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 SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 292,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 306,880 shares of the company’s stock, valued at approximately $8,285,760. This represents a 48.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Fermium Researc raised shares of Element Solutions to a “strong-buy” rating in a report on Wednesday, September 17th. UBS Group upped their price target on shares of Element Solutions from $32.00 to $33.00 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. KeyCorp boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Truist Financial increased their target price on Element Solutions from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $25.54 on Wednesday. The firm has a market capitalization of $6.18 billion, a PE ratio of 25.79, a PEG ratio of 1.28 and a beta of 1.33. The company has a current ratio of 4.05, a quick ratio of 3.28 and a debt-to-equity ratio of 0.61. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $27.97. The business’s 50 day moving average is $26.03 and its 200-day moving average is $25.05.

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

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 1st. Element Solutions’s payout ratio is 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.