5 Stocks to Buy Now According to Jeffrey Gates’ Gates Capital

3. Element Solutions Inc (NYSE:ESI)

Gates Capital Stake Value: $233,862,000
Percentage of Gates Capital’s 13F Portfolio: 6.46%
Number of Hedge Fund Holders: 31

Element Solutions Inc (NYSE:ESI) develops chemical solutions to improve the performance of items that people use daily. Overall, 31 hedge funds in Insider Monkey’s database were bullish on Element Solutions Inc (NYSE:ESI) in Q4, up from 28 in the previous quarter.

On January 24, CL King analyst David Silver initiated coverage of Element Solutions Inc (NYSE:ESI), giving the stock a Buy rating and setting a price target of $28. On February 15, Element Solutions Inc (NYSE:ESI) declared a quarterly dividend of $0.08 per share, in line with the previous.

As of the fourth quarter of 2021, Gates Capital Management is the leading shareholder of Element Solutions Inc (NYSE:ESI), holding over 9.63 million shares, valued at $233.86 million. The hedge fund has reduced its stake in the firm by 5% in the fourth quarter.