Element Solutions (NYSE:ESI) Reaches New 52-Week High at $27.19

Element Solutions Inc (NYSE:ESIGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $27.19 and last traded at $27.03, with a volume of 17132 shares trading hands. The stock had previously closed at $27.09.

Wall Street Analysts Forecast Growth

ESI has been the subject of several research analyst reports. StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. TheStreet raised shares of Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Mizuho boosted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Barclays boosted their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, Wolfe Research started coverage on shares of Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.60.

View Our Latest Analysis on ESI

Element Solutions Stock Down 0.4 %

The stock has a market capitalization of $6.53 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69. The business’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $23.49.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, equities research analysts forecast that Element Solutions Inc will post 1.41 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, May 31st. Element Solutions’s payout ratio is 59.26%.

Institutional Investors Weigh In On Element Solutions

Hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. raised its position in shares of Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock worth $108,390,000 after acquiring an additional 188,350 shares during the period. Clearbridge Investments LLC raised its position in shares of Element Solutions by 7.2% in the fourth quarter. Clearbridge Investments LLC now owns 1,762,392 shares of the company’s stock worth $40,782,000 after acquiring an additional 118,237 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Element Solutions by 10,622.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 848,567 shares of the company’s stock worth $19,636,000 after acquiring an additional 840,653 shares during the period. Locust Wood Capital Advisers LLC raised its position in shares of Element Solutions by 5.9% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,700,813 shares of the company’s stock worth $62,497,000 after purchasing an additional 150,567 shares during the last quarter. Finally, Albar Capital Ltd raised its position in shares of Element Solutions by 100.2% during the 4th quarter. Albar Capital Ltd now owns 797,427 shares of the company’s stock worth $18,452,000 after purchasing an additional 399,070 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

About Element Solutions

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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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