Element Solutions (NYSE:ESI) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Element Solutions (NYSE:ESI) from a buy rating to a hold rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the company. Mizuho raised their target price on Element Solutions from $28.00 to $29.00 and gave the company a buy rating in a research note on Wednesday, June 12th. UBS Group raised their price objective on Element Solutions from $30.00 to $33.00 and gave the company a buy rating in a research report on Monday, June 24th. BMO Capital Markets reaffirmed an outperform rating and issued a $30.00 target price (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Element Solutions from $26.00 to $29.00 and gave the company a neutral rating in a research report on Thursday, June 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Element Solutions currently has a consensus rating of Moderate Buy and a consensus price target of $29.40.

Element Solutions Stock Down 0.0 %

Shares of NYSE ESI opened at $24.97 on Friday. The firm has a fifty day simple moving average of $26.33 and a two-hundred day simple moving average of $25.14. Element Solutions has a 12 month low of $17.57 and a 12 month high of $28.68. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6.04 billion, a PE ratio of 46.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Element Solutions’s revenue was up 4.6% on a year-over-year basis. Equities analysts expect that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. Element Solutions’s dividend payout ratio is currently 59.26%.

Hedge Funds Weigh In On Element Solutions

Several large investors have recently modified their holdings of the stock. Richardson Financial Services Inc. purchased a new position in Element Solutions in the 4th quarter worth approximately $27,000. Quarry LP purchased a new position in shares of Element Solutions in the second quarter worth $31,000. CWM LLC raised its stake in shares of Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after purchasing an additional 886 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Element Solutions by 51.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock valued at $46,000 after purchasing an additional 684 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Element Solutions by 1,585.0% during the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock valued at $47,000 after buying an additional 1,902 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.