Element Solutions (NYSE:ESI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Element Solutions (NYSE:ESI) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other analysts also recently weighed in on ESI. KeyCorp boosted their target price on Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial lifted their price target on shares of Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group upped their price objective on shares of Element Solutions from $34.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho increased their target price on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Bank of America lifted their target price on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Element Solutions has a consensus rating of “Buy” and a consensus price target of $35.75.

Element Solutions Price Performance

Element Solutions stock opened at $36.13 on Friday. The firm has a market capitalization of $8.80 billion, a P/E ratio of 45.73, a PEG ratio of 1.47 and a beta of 1.28. Element Solutions has a one year low of $16.77 and a one year high of $36.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00. The business has a fifty day moving average price of $28.84 and a 200-day moving average price of $26.91.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The company had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Element Solutions’s payout ratio is presently 40.51%.

Insider Buying and Selling

In related news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the transaction, the insider owned 117,393 shares in the company, valued at $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Element Solutions

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Element Solutions during the 2nd quarter valued at $26,000. Farther Finance Advisors LLC lifted its position in Element Solutions by 154.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after acquiring an additional 678 shares during the period. Los Angeles Capital Management LLC purchased a new position in Element Solutions during the 4th quarter valued at about $28,000. First Horizon Advisors Inc. boosted its stake in Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $29,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in Element Solutions in the third quarter worth about $33,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

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.