Jennison Associates LLC Purchases 798,017 Shares of Element Solutions Inc. $ESI

Jennison Associates LLC raised its position in Element Solutions Inc. (NYSE:ESI) by 57.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,179,035 shares of the company’s stock after purchasing an additional 798,017 shares during the period. Jennison Associates LLC’s holdings in Element Solutions were worth $54,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Element Solutions by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 51,200 shares of the company’s stock valued at $1,289,000 after acquiring an additional 400 shares in the last quarter. Quarry LP raised its stake in Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Element Solutions by 6.2% in the 3rd quarter. Versant Capital Management Inc now owns 7,415 shares of the company’s stock valued at $187,000 after purchasing an additional 433 shares during the period. US Bancorp DE boosted its holdings in Element Solutions by 3.9% in the 3rd quarter. US Bancorp DE now owns 15,000 shares of the company’s stock valued at $378,000 after purchasing an additional 558 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Element Solutions by 38.6% during the 3rd quarter. Parallel Advisors LLC now owns 2,110 shares of the company’s stock worth $53,000 after purchasing an additional 588 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

Insider Buying and Selling at Element Solutions

In other news, Director E Stanley Oneal sold 143,564 shares of Element Solutions stock in a transaction on Friday, February 20th. The stock was sold at an average price of $35.52, for a total value of $5,099,393.28. Following the transaction, the director owned 147,832 shares in the company, valued at approximately $5,250,992.64. This trade represents a 49.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $42.67 on Friday. The firm has a 50 day moving average of $35.30 and a 200-day moving average of $30.10. Element Solutions Inc. has a 12 month low of $20.43 and a 12 month high of $43.83. The company has a current ratio of 2.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $10.39 billion, a PE ratio of 68.83, a PEG ratio of 1.63 and a beta of 1.23.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. On average, equities research analysts predict that Element Solutions Inc. will post 1.76 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 40.51%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ESI shares. KeyCorp lifted their price target on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. BMO Capital Markets increased their price target on Element Solutions from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Freedom Capital raised Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Finally, UBS Group upped their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $39.57.

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.