Element Solutions (NYSE:ESI) Stock Rating Upgraded by StockNews.com

Element Solutions (NYSE:ESI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other equities research analysts have also recently weighed in on ESI. TheStreet upgraded Element Solutions from a “c+” rating to a “b” rating in a report on Tuesday, February 20th. Barclays increased their price objective on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Mizuho increased their price objective on Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group increased their price objective on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Finally, UBS Group increased their price objective on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.

Element Solutions Trading Up 0.9 %

ESI stock traded up $0.22 during trading on Thursday, hitting $23.82. 1,279,326 shares of the company traded hands, compared to its average volume of 1,340,596. The firm has a market capitalization of $5.77 billion, a PE ratio of 44.11, a P/E/G ratio of 1.85 and a beta of 1.32. Element Solutions has a 1 year low of $17.53 and a 1 year high of $25.81. The company has a 50-day moving average of $24.20 and a 200-day moving average of $22.39. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.63.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $575.00 million during the quarter, compared to analysts’ expectations of $588.17 million. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. Element Solutions’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. Analysts predict that Element Solutions will post 1.39 earnings per share for the current fiscal year.

Insider Transactions at Element Solutions

In related news, EVP Michael Goralski sold 1,169 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Benjamin Gliklich sold 61,667 shares of the firm’s 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 transaction, the chief executive officer now owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Goralski sold 1,169 shares of the firm’s 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 transaction, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,203 shares of company stock valued at $2,255,110. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Element Solutions by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock worth $108,390,000 after purchasing an additional 188,350 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Element Solutions by 3.6% in the 4th quarter. Iridian Asset Management LLC CT now owns 280,935 shares of the company’s stock worth $6,501,000 after purchasing an additional 9,758 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Element Solutions by 12.6% in the 3rd quarter. Clearbridge Investments LLC now owns 1,644,155 shares of the company’s stock worth $32,242,000 after purchasing an additional 183,562 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Element Solutions by 2.7% in the 3rd quarter. Northern Trust Corp now owns 1,730,459 shares of the company’s stock worth $33,934,000 after purchasing an additional 45,752 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Element Solutions by 47.2% in the 3rd quarter. Invesco Ltd. now owns 4,403,980 shares of the company’s stock worth $86,362,000 after purchasing an additional 1,412,706 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

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.