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

Element Solutions (NYSE:ESI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, January 21st. UBS Group upped their price objective on Element Solutions from $34.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial lifted their target price on Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their target price on Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, CJS Securities raised shares of Element Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $34.50.

Element Solutions Stock Performance

Element Solutions stock opened at $35.45 on Friday. The company’s 50-day moving average is $28.63 and its two-hundred day moving average is $26.78. The company has a market cap of $8.63 billion, a PE ratio of 44.87, a PEG ratio of 1.47 and a beta of 1.28. Element Solutions has a 1 year low of $16.77 and a 1 year high of $36.38. The company has a current ratio of 3.68, a quick ratio of 3.28 and a debt-to-equity ratio of 0.60.

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

Insider Buying and Selling at Element Solutions

In other 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 sale, the insider owned 117,393 shares in the company, valued at $3,122,653.80. This represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 6.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ESI. Walnut Level Capital LLC acquired a new stake in Element Solutions in the 2nd quarter valued at about $1,812,000. Vest Financial LLC raised its stake in Element Solutions by 126.1% in the third quarter. Vest Financial LLC now owns 115,531 shares of the company’s stock valued at $2,908,000 after buying an additional 64,433 shares during the period. World Investment Advisors acquired a new stake in shares of Element Solutions in the third quarter valued at approximately $1,185,000. Castleark Management LLC lifted its position in shares of Element Solutions by 135.5% in the second quarter. Castleark Management LLC now owns 237,310 shares of the company’s stock valued at $5,375,000 after buying an additional 136,540 shares during the last quarter. Finally, Caprock Group LLC bought a new position in shares of Element Solutions during the 3rd quarter worth approximately $1,208,000. 92.32% of the stock is 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.