Element Solutions (NYSE:ESI) Raised to “Buy” at Wall Street Zen

Element Solutions (NYSE:ESI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other analysts have also recently issued research reports about the company. UBS Group lifted their price target on Element Solutions from $34.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their target price on Element Solutions from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial upped their target price on Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America raised their price target on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Element Solutions has a consensus rating of “Buy” and an average target price of $34.50.

Element Solutions Stock Down 0.1%

NYSE:ESI opened at $35.45 on Friday. The company has a market cap of $8.63 billion, a PE ratio of 44.87, a P/E/G ratio of 1.47 and a beta of 1.28. Element Solutions has a twelve month low of $16.77 and a twelve month high of $36.38. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $28.63 and its two-hundred day moving average is $26.83.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $676.20 million during the quarter, compared to analysts’ expectations of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. Analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Insider Transactions at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.60, for a total transaction of $984,200.00. Following the sale, the insider owned 117,393 shares in the company, valued at approximately $3,122,653.80. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Element Solutions

Several hedge funds have recently modified their holdings of ESI. Invesco Ltd. increased its stake in shares of Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing an additional 2,146,512 shares in the last quarter. Scopus Asset Management L.P. grew its holdings in Element Solutions by 134.6% in the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after purchasing an additional 1,965,691 shares during the period. Ilex Capital Partners UK LLP increased its position in shares of Element Solutions by 61.7% in the second quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock valued at $105,465,000 after buying an additional 1,777,265 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Element Solutions by 253.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock worth $59,146,000 after buying an additional 1,684,994 shares during the period. Finally, Jain Global LLC lifted its position in shares of Element Solutions by 253.3% during the 4th quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock valued at $53,161,000 after buying an additional 1,525,195 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.