Strs Ohio Has $136,000 Stock Holdings in Element Solutions Inc. $ESI

Strs Ohio lessened its holdings in shares of Element Solutions Inc. (NYSE:ESI) by 90.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,384 shares of the company’s stock after selling 52,947 shares during the period. Strs Ohio’s holdings in Element Solutions were worth $136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC lifted its stake in Element Solutions by 339.3% in the first quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock valued at $10,098,000 after buying an additional 344,950 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Element Solutions by 60.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock valued at $42,825,000 after acquiring an additional 712,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Element Solutions by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock worth $19,726,000 after acquiring an additional 37,204 shares during the last quarter. Focus Partners Wealth acquired a new position in Element Solutions during the first quarter valued at approximately $400,000. Finally, QRG Capital Management Inc. grew its holdings in Element Solutions by 6.6% during the second quarter. QRG Capital Management Inc. now owns 30,061 shares of the company’s stock valued at $681,000 after purchasing an additional 1,865 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the business’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 transaction, the insider directly owned 117,393 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 6.90% of the company’s stock.

Element Solutions Price Performance

Shares of NYSE ESI opened at $28.90 on Wednesday. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $30.28. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.26 and a beta of 1.28. 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 business has a 50-day moving average of $27.13 and a 200-day moving average of $26.06.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, December 1st. Element Solutions’s dividend payout ratio is presently 32.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ESI. BMO Capital Markets lowered shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Mizuho cut their price objective on 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 increased their target price on Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Finally, KeyCorp boosted their price target on Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

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.