Element Solutions (NYSE:ESI) Price Target Lowered to $25.00 at UBS Group

Element Solutions (NYSE:ESI) had its price objective reduced by equities research analysts at UBS Group from $31.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 31.86% from the company’s previous close.

A number of other analysts have also recently commented on the company. KeyCorp dropped their price target on Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays dropped their price target 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. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Truist Financial upgraded Element Solutions from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $28.00 to $24.00 in a report on Monday. Finally, Bank of America upgraded shares of Element Solutions from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Element Solutions has an average rating of “Moderate Buy” and a consensus price target of $27.88.

Element Solutions Trading Up 0.5 %

NYSE:ESI traded up $0.09 during trading hours on Tuesday, reaching $18.96. The company’s stock had a trading volume of 756,620 shares, compared to its average volume of 2,982,032. The firm has a 50-day simple moving average of $24.05 and a 200-day simple moving average of $25.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions has a 1 year low of $16.77 and a 1 year high of $29.78. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI) last announced its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Research analysts expect that Element Solutions will post 1.45 EPS for the current fiscal year.

Insider Activity at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock worth $565,685,000 after purchasing an additional 249,280 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Element Solutions by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock valued at $132,468,000 after buying an additional 209,441 shares during the period. Silvercrest Asset Management Group LLC raised its stake in shares of Element Solutions by 3.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company’s stock valued at $127,825,000 after acquiring an additional 146,570 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock valued at $90,456,000 after purchasing an additional 14,339 shares during the period. Finally, Locust Wood Capital Advisers LLC grew its stake in Element Solutions by 11.4% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company’s stock worth $80,727,000 after purchasing an additional 325,297 shares in the last quarter. Hedge funds and other institutional investors 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.