Element Solutions (NYSE:ESI) Upgraded by Wolfe Research to "Outperform"

Wolfe Research upgraded shares of Element Solutions (NYSE:ESI - Free Report) from a peer perform rating to an outperform rating in a report published on Friday morning, MarketBeat Ratings reports.

ESI has been the subject of several other research reports. Seaport Res Ptn upgraded Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Element Solutions from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Element Solutions has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Stock Performance

Element Solutions stock remained flat at $26.98 during midday trading on Friday. 2,286,143 shares of the company's stock traded hands, compared to its average volume of 1,376,424. 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 firm has a market cap of $6.53 billion, a P/E ratio of 49.96, a PEG ratio of 1.40 and a beta of 1.29. The business's 50 day moving average price is $25.88 and its 200-day moving average price is $25.52. Element Solutions has a one year low of $17.76 and a one year high of $28.68.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. As a group, equities analysts expect that Element Solutions will post 1.43 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.19%. Element Solutions's dividend payout ratio (DPR) is presently 59.26%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESI. Signaturefd LLC boosted its stake in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after acquiring an additional 448 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Element Solutions by 7.5% in the 2nd quarter. QRG Capital Management Inc. now owns 11,389 shares of the company's stock worth $309,000 after purchasing an additional 798 shares during the period. EverSource Wealth Advisors LLC boosted its position in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after purchasing an additional 864 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Element Solutions by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 50,883 shares of the company's stock valued at $1,380,000 after purchasing an additional 1,036 shares during the period. Finally, Quarry LP purchased a new stake in shares of Element Solutions in the second quarter valued at approximately $31,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

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.