Element Solutions Inc (NYSE:ESI) Short Interest Down 5.8% in November

Element Solutions Inc (NYSE:ESI) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,620,000 shares, a decrease of 5.8% from the October 31st total of 1,720,000 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Element Solutions

A number of institutional investors have recently bought and sold shares of the business. True Wealth Design LLC acquired a new stake in shares of Element Solutions in the third quarter worth $25,000. Quarry LP purchased a new position in shares of Element Solutions during the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after buying an additional 864 shares during the period. Quest Partners LLC lifted its holdings in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after buying an additional 3,212 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Barclays boosted their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Element Solutions Trading Down 2.1 %

Shares of Element Solutions stock opened at $27.88 on Wednesday. Element Solutions has a 12-month low of $20.31 and a 12-month high of $29.78. The firm’s 50 day simple moving average is $27.22 and its two-hundred day simple moving average is $26.35. 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 firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.57 and a beta of 1.28.

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

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.08 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.15%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

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.