Element Solutions (NYSE:ESI) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Element Solutions (NYSE:ESI) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $28.00 target price on the stock.

A number of other equities research analysts also recently commented on ESI. Barclays lowered their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday. Bank of America reiterated a “neutral” rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $25.79 on Tuesday. Element Solutions has a one year low of $21.42 and a one year high of $29.78. The stock has a market cap of $6.24 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The business’s fifty day moving average price is $26.45 and its two-hundred day moving average price is $26.42. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. On average, analysts forecast that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 1.24%. Element Solutions’s dividend payout ratio is presently 28.83%.

Hedge Funds Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently modified their holdings of ESI. True Wealth Design LLC purchased a new position in Element Solutions in the third quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Element Solutions in the 2nd quarter valued at $31,000. Trust Co. of Vermont acquired a new position in shares of Element Solutions during the 4th quarter valued at $43,000. UMB Bank n.a. boosted its position in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares during the period. Finally, Richardson Financial Services Inc. increased its holdings in Element Solutions by 77.5% in the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after purchasing an additional 911 shares in the last quarter. 92.32% of the stock is 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.