Voya Investment Management LLC Has $41.92 Million Stock Holdings in Element Solutions Inc. $ESI

Voya Investment Management LLC raised its stake in Element Solutions Inc. (NYSE:ESI) by 134.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,665,431 shares of the company’s stock after buying an additional 955,578 shares during the quarter. Voya Investment Management LLC’s holdings in Element Solutions were worth $41,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Element Solutions by 14.4% during the first quarter. Northern Trust Corp now owns 1,787,542 shares of the company’s stock worth $40,416,000 after acquiring an additional 224,758 shares in the last quarter. SVB Wealth LLC acquired a new position in Element Solutions in the 1st quarter worth $37,000. Synovus Financial Corp increased its holdings in Element Solutions by 26.7% during the 1st quarter. Synovus Financial Corp now owns 59,087 shares of the company’s stock worth $1,336,000 after purchasing an additional 12,447 shares in the last quarter. Comerica Bank raised its stake in shares of Element Solutions by 436.5% in the 1st quarter. Comerica Bank now owns 90,870 shares of the company’s stock valued at $2,055,000 after purchasing an additional 73,931 shares during the period. Finally, Corebridge Financial Inc. lifted its holdings in shares of Element Solutions by 459.4% in the first quarter. Corebridge Financial Inc. now owns 8,698 shares of the company’s stock valued at $197,000 after purchasing an additional 7,143 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

NYSE:ESI opened at $25.18 on Friday. The stock has a market capitalization of $6.09 billion, a PE ratio of 25.44, a P/E/G ratio of 1.25 and a beta of 1.33. Element Solutions Inc. has a 1-year low of $16.77 and a 1-year high of $27.97. The firm has a fifty day simple moving average of $26.01 and a 200 day simple moving average of $24.96. 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 (NYSE:ESI) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The firm had revenue of $656.10 million for the quarter, compared to analyst estimates of $645.13 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts expect that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, December 1st. Element Solutions’s dividend payout ratio (DPR) is 32.32%.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Ian G. H. Ashken sold 292,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 306,880 shares of the company’s stock, valued at $8,285,760. The trade was a 48.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 117,393 shares in the company, valued at $3,122,653.80. This represents a 23.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of a number of research reports. UBS Group increased their price objective on Element Solutions from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Fermium Researc raised shares of Element Solutions to a “strong-buy” rating in a research note on Wednesday, September 17th. BMO Capital Markets downgraded shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Finally, KeyCorp lifted their price target 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. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

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.