Element Solutions (NYSE:ESI) Shares Gap Up – What’s Next?

Element Solutions Inc (NYSE:ESI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $24.85, but opened at $25.75. Element Solutions shares last traded at $24.94, with a volume of 1,047,914 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ESI shares. Truist Financial began coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price on the stock. BMO Capital Markets boosted their price target on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Barclays dropped their price objective on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Bank of America restated a “neutral” rating and issued a $28.00 target price (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions Stock Up 2.2 %

The firm has a market cap of $6.16 billion, a P/E ratio of 24.94, a PEG ratio of 2.30 and a beta of 1.29. The firm’s 50-day moving average price is $25.71 and its 200 day moving average price is $26.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. On average, equities research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s dividend payout ratio is currently 31.37%.

Hedge Funds Weigh In On Element Solutions

Several large investors have recently bought and sold shares of ESI. True Wealth Design LLC bought a new position in shares of Element Solutions in the third quarter valued at approximately $25,000. TD Private Client Wealth LLC bought a new position in Element Solutions during the fourth quarter valued at about $27,000. Park Square Financial Group LLC acquired a new position in Element Solutions during the fourth quarter worth about $28,000. First Horizon Advisors Inc. grew its holdings 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 acquiring an additional 971 shares during the period. Finally, Trust Co. of Vermont bought a new position in shares of Element Solutions during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.