Element Solutions Inc (NYSE:ESI) Given Average Recommendation of "Buy" by Analysts

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.38.

ESI has been the topic of several recent research reports. Wall Street Zen downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group reduced their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and decreased their target price for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Barclays cut their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, KeyCorp reduced their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th.

Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Element Solutions in the first quarter worth about $1,172,000. Focus Partners Wealth bought a new stake in Element Solutions in the 1st quarter worth approximately $400,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Element Solutions by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company's stock worth $19,726,000 after acquiring an additional 37,204 shares in the last quarter. United Services Automobile Association bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $281,000. Finally, Caxton Associates LLP bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $676,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of ESI traded up $0.39 during trading hours on Friday, hitting $21.85. The stock had a trading volume of 1,501,077 shares, compared to its average volume of 1,964,814. The firm has a market capitalization of $5.30 billion, a PE ratio of 21.42, a PEG ratio of 2.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions has a 12 month low of $16.77 and a 12 month high of $29.78. The stock has a fifty day moving average price of $20.74 and a 200 day moving average price of $24.41.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. During the same period in the previous year, the company posted $0.34 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's dividend payout ratio is currently 26.89%.

Element Solutions Company Profile

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.