By otakuyassine3@gmail.com 
Element Solutions Inc (NYSE:ESI – Get Free Report)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $22.93 and last traded at $23.60, with a volume of 6807221 shares. The stock had previously closed at $24.71.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ESI. Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Truist Financial initiated coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price for the company. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. BMO Capital Markets boosted their price objective 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. Finally, Bank of America reissued a “neutral” rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.14.
Read Our Latest Analysis on ESI
Element Solutions Stock Performance
The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.30 and a beta of 1.29. The stock’s fifty day moving average is $25.67 and its two-hundred day moving average is $26.31. 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 (NYSE:ESI – Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The company had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. On average, analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.
Element Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.39%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.
Insider Transactions at Element Solutions
In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was 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. Company insiders own 7.90% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ESI. Integrated Wealth Concepts LLC increased 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 buying an additional 423 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company’s stock worth $287,000 after buying an additional 430 shares during the period. Arizona State Retirement System boosted its position in Element Solutions by 0.8% during the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company’s stock worth $1,698,000 after acquiring an additional 545 shares during the period. Equitable Trust Co. boosted its holdings in shares of 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 purchasing an additional 576 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Element Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company’s stock worth $2,502,000 after purchasing an additional 610 shares during the period. Institutional investors and hedge funds 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.
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