Element Solutions (NYSE:ESI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Element Solutions (NYSE:ESI) from a buy rating to a hold rating in a research report report published on Saturday morning.

Other research analysts have also recently issued reports about the company. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. BMO Capital Markets boosted their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $27.86 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $26.13 and a two-hundred day simple moving average of $25.69. Element Solutions has a 12 month low of $18.82 and a 12 month high of $28.68. The firm has a market capitalization of $6.75 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.50 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities analysts forecast that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio is presently 28.83%.

Institutional Investors Weigh In On Element Solutions

A number of hedge funds have recently bought and sold shares of ESI. Quarry LP bought a new position in shares of Element Solutions in the 2nd quarter valued at about $31,000. LRI Investments LLC purchased a new stake in Element Solutions during the 1st quarter valued at $78,000. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after buying an additional 864 shares during the period. Quest Partners LLC increased its position in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after acquiring an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.