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

Shares of Element Solutions Inc (NYSE:ESI) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.60.

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Barclays upped their price target on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. UBS Group upped their price target on shares of Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. The Goldman Sachs Group upped their price target on shares of Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Finally, Wolfe Research began coverage on shares of Element Solutions in a research report on Friday, March 1st. They set a “peer perform” rating on the stock.

Insider Buying and Selling at Element Solutions

In related news, EVP Michael Goralski sold 1,169 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now directly owns 146,297 shares in the company, valued at approximately $3,394,090.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Carey J. Dorman sold 1,410 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $32,712.00. Following the sale, the chief financial officer now directly owns 177,113 shares in the company, valued at approximately $4,109,021.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Goralski sold 1,169 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the sale, the executive vice president now owns 146,297 shares in the company, valued at $3,394,090.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,203 shares of company stock worth $2,255,110. Company insiders own 7.90% of the company’s stock.

Institutional Trading of Element Solutions

Large investors have recently bought and sold shares of the business. Richardson Financial Services Inc. bought a new stake in Element Solutions during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its stake in Element Solutions by 85.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 608 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Element Solutions by 370.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after purchasing an additional 1,278 shares in the last quarter. CWM LLC increased its stake in Element Solutions by 95.9% during the 4th quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after purchasing an additional 886 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

Element Solutions Stock Up 0.6 %

ESI opened at $23.77 on Friday. The firm’s 50-day simple moving average is $24.13 and its 200-day simple moving average is $22.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24. Element Solutions has a twelve month low of $17.08 and a twelve month high of $25.81. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 48.51, a PEG ratio of 2.04 and a beta of 1.32.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The business had revenue of $573.40 million for the quarter, compared to analyst estimates of $590.43 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Element Solutions will post 1.4 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.35%. Element Solutions’s payout ratio is presently 65.31%.

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.