Element Solutions Inc (NYSE:ESI) Receives $25.60 Consensus Target Price from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.60.

Several equities analysts have recently commented on the stock. Mizuho lowered their price target on shares of Element Solutions from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Wolfe Research assumed coverage on shares of Element Solutions in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. The Goldman Sachs Group increased their target price on shares of Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Barclays increased their target price on shares of Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, UBS Group increased their target price on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 11th.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the sale, the chief executive officer now directly owns 704,395 shares of the company’s stock, valued at $16,341,964. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Michael Goralski sold 1,169 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the completion of the sale, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Benjamin Gliklich sold 61,667 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the sale, the chief executive officer now directly owns 704,395 shares of the company’s stock, valued at $16,341,964. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,203 shares of company stock valued at $2,255,110. 7.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Element Solutions

Hedge funds have recently made changes to their positions in the stock. Richardson Financial Services Inc. purchased a new stake in shares of Element Solutions in the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in Element Solutions by 85.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 608 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after buying an additional 1,278 shares during the last quarter. CWM LLC increased its holdings in 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 buying an additional 886 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Element Solutions by 8,131.8% in the second quarter. Quadrant Capital Group LLC now owns 1,811 shares of the company’s stock worth $35,000 after buying an additional 1,789 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Up 0.4 %

ESI stock opened at $24.98 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43. Element Solutions has a 1-year low of $17.08 and a 1-year high of $25.14. The firm has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $21.49. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 4.09 and a beta of 1.31.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $573.40 million during the quarter, compared to analyst estimates of $590.43 million. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Research analysts predict that Element Solutions will post 1.4 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, February 29th. Element Solutions’s dividend payout ratio is presently 65.31%.

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.