Element Solutions (NYSE:ESI) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Element Solutions (NYSE:ESI) from a buy rating to a hold rating in a report published on Tuesday morning.

Other equities analysts also recently issued reports about the stock. Barclays decreased their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Truist Financial initiated coverage on shares of Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective on the stock. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Stock Performance

NYSE ESI opened at $24.65 on Tuesday. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $25.72 and its two-hundred day moving average price is $26.36. Element Solutions has a 1 year low of $23.10 and a 1 year high of $29.78. The firm has a market capitalization of $5.98 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm had revenue of $624.20 million for the quarter, compared to the consensus estimate of $598.24 million. As a group, research analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Institutional Investors Weigh In On Element Solutions

A number of large investors have recently bought and sold shares of ESI. True Wealth Design LLC acquired a new stake in Element Solutions during the third quarter worth about $25,000. TD Private Client Wealth LLC acquired a new stake in Element Solutions during the fourth quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in Element Solutions during the fourth quarter worth about $28,000. First Horizon Advisors Inc. grew its stake in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in Element Solutions during the fourth quarter worth about $43,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.