Element Solutions (NYSE:ESI) Stock Rating Lowered by StockNews.com

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

ESI has been the subject of a number of other reports. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Finally, Barclays lifted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Element Solutions Price Performance

ESI stock opened at $25.40 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.51 and a beta of 1.30. The firm has a 50 day moving average price of $27.17 and a 200-day moving average price of $26.57. Element Solutions has a 52-week low of $21.42 and a 52-week high of $29.78.

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

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC bought a new position in Element Solutions in the 3rd quarter worth $25,000. Quarry LP purchased a new stake in Element Solutions in the second quarter worth about $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Element Solutions by 39.4% in 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 lifted its position in shares of Element Solutions by 14,600.0% during 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 in the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Element Solutions during the 3rd quarter valued at approximately $113,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.