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

Element Solutions (NYSE:ESI) had its target price lowered by UBS Group from $31.00 to $25.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also issued reports on the stock. BMO Capital Markets boosted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp dropped their price objective on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Monday. Bank of America raised Element Solutions from a “neutral” rating to a “buy” rating and cut their target price for the stock from $29.00 to $24.00 in a research note on Tuesday. Finally, Truist Financial upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and cut their price target for the company from $28.00 to $24.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.88.

Element Solutions Trading Down 0.8 %

Shares of Element Solutions stock opened at $18.73 on Tuesday. The stock has a market capitalization of $4.54 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. The stock has a 50 day moving average price of $23.91 and a two-hundred day moving average price of $25.68. 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 52 week low of $16.77 and a 52 week high of $29.78.

Element Solutions (NYSE:ESI) last posted 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. The firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. As a group, equities analysts anticipate that Element Solutions will post 1.45 earnings per share for the current fiscal 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 issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.71%. Element Solutions’s dividend payout ratio (DPR) is 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 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 owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Element Solutions by 1.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company’s stock valued at $610,000 after acquiring an additional 423 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Element Solutions by 4.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company’s stock valued at $287,000 after buying an additional 430 shares during the period. Arizona State Retirement System raised its stake in Element Solutions by 0.8% in the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company’s stock worth $1,698,000 after buying an additional 545 shares in the last quarter. Equitable Trust Co. lifted its holdings in Element Solutions by 1.7% during the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company’s stock worth $867,000 after buying an additional 576 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in Element Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company’s stock valued at $2,502,000 after acquiring an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.