Element Solutions Inc. (NYSE:ESI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Element Solutions Inc. (NYSE:ESI) have received an average rating of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.75.

A number of brokerages recently issued reports on ESI. Truist Financial raised their price objective on shares of Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho raised their price target on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price objective on shares of Element Solutions from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th.

Element Solutions Price Performance

Shares of ESI opened at $31.05 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.68 and a debt-to-equity ratio of 0.60. The stock has a market cap of $7.56 billion, a PE ratio of 39.30, a PEG ratio of 1.45 and a beta of 1.24. Element Solutions has a 12-month low of $16.77 and a 12-month high of $37.74. The business has a 50-day simple moving average of $31.48 and a two-hundred day simple moving average of $27.91.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. Analysts anticipate that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, March 2nd. Element Solutions’s payout ratio is 40.51%.

Insider Buying and Selling at Element Solutions

In other news, Director E Stanley Oneal sold 143,564 shares of the stock in a transaction dated 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 completion of the sale, the director owned 147,832 shares of the company’s stock, valued at approximately $5,250,992.64. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.90% of the company’s stock.

Institutional Trading of Element Solutions

Several institutional investors have recently added to or reduced their stakes in ESI. Parallel Advisors LLC raised its holdings in Element Solutions by 16.4% during the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after purchasing an additional 345 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Element Solutions by 0.3% in the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock valued at $3,146,000 after purchasing an additional 355 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Element Solutions by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 51,200 shares of the company’s stock valued at $1,289,000 after purchasing an additional 400 shares during the last quarter. Quarry LP increased its position in shares of Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after buying an additional 431 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Element Solutions by 6.2% during the third quarter. Versant Capital Management Inc now owns 7,415 shares of the company’s stock worth $187,000 after buying an additional 433 shares during the period. 92.32% of the stock is currently owned by institutional investors.

About Element Solutions

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.