Element Solutions (NYSE:ESI) Downgraded by StockNews.com

StockNews.com downgraded shares of Element Solutions (NYSE:ESI) from a buy rating to a hold rating in a research report released on Thursday morning.

ESI has been the topic of a number of other research reports. The Goldman Sachs Group increased their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Stock Down 0.1 %

Shares of Element Solutions stock traded down $0.03 on Thursday, reaching $26.95. 423,017 shares of the company were exchanged, compared to its average volume of 1,367,288. Element Solutions has a one year low of $17.76 and a one year high of $28.68. The company has a 50-day moving average of $25.88 and a 200 day moving average of $25.52. 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 company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 49.96, a PEG ratio of 1.40 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. During the same quarter in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Element Solutions will post 1.43 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s payout ratio is 59.26%.

Institutional Trading of Element Solutions

Several large investors have recently modified their holdings of ESI. New England Research & Management Inc. acquired a new stake in shares of Element Solutions during the 1st quarter worth $202,000. OneAscent Wealth Management LLC acquired a new stake in shares of Element Solutions during the 1st quarter worth $215,000. Blue Zone Wealth Advisors LLC grew its holdings in shares of Element Solutions by 0.7% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 171,011 shares of the company’s stock worth $4,272,000 after purchasing an additional 1,140 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Element Solutions by 2.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 4,790,909 shares of the company’s stock worth $119,676,000 after purchasing an additional 106,800 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Element Solutions by 243.1% during the 1st quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after purchasing an additional 72,145 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.