Element Solutions Inc (NYSE:ESI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.70 and last traded at $20.77, with a volume of 425000 shares trading hands. The stock had previously closed at $22.69.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ESI. Barclays decreased their target price 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. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. KeyCorp started coverage on Element Solutions in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $29.00 target price for the company. Finally, Bank of America reiterated a "neutral" rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.
Check Out Our Latest Analysis on ESI
Element Solutions Stock Down 5.4 %
The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $25.04 and its 200-day moving average price is $26.11. The stock has a market capitalization of $4.22 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.
Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million for the quarter, compared to analysts' expectations of $598.24 million. Analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.
Element Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio is currently 31.37%.
Insider Buying and Selling
In other news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now owns 109,100 shares of the company's stock, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.90% of the stock is owned by corporate insiders.
Institutional Trading of Element Solutions
Several hedge funds have recently modified their holdings of ESI. TD Private Client Wealth LLC acquired a new position in Element Solutions in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC purchased a new stake in shares of Element Solutions in 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. Trust Co. of Vermont purchased a new position in Element Solutions during the fourth quarter valued at approximately $43,000. Finally, Parkside Financial Bank & Trust acquired a new position in Element Solutions in the fourth quarter valued at approximately $48,000. 92.32% of the stock is owned by hedge funds and other institutional investors.
Element Solutions Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Element Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Element Solutions wasn't on the list.
While Element Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
