Element Solutions Inc (NYSE:ESI) Short Interest Update

Element Solutions Inc (NYSE:ESIGet Rating) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,370,000 shares, an increase of 19.1% from the August 15th total of 1,990,000 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is currently 1.9 days.

Element Solutions Trading Down 3.1 %

Shares of ESI stock opened at $17.95 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.13. Element Solutions has a 52-week low of $16.25 and a 52-week high of $26.92. The company has a market capitalization of $4.40 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The business’s fifty day moving average is $19.10 and its 200 day moving average is $19.99.

Element Solutions (NYSE:ESIGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Element Solutions had a return on equity of 13.99% and a net margin of 6.15%. The company had revenue of $677.00 million for the quarter, compared to the consensus estimate of $681.97 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions will post 1.53 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. Element Solutions’s payout ratio is 49.23%.

Institutional Investors Weigh In On Element Solutions

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in Element Solutions by 0.6% during the fourth quarter. Invesco Ltd. now owns 7,214,009 shares of the company’s stock valued at $175,156,000 after purchasing an additional 45,393 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of Element Solutions by 21.9% during the first quarter. FDx Advisors Inc. now owns 27,256 shares of the company’s stock valued at $597,000 after buying an additional 4,901 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Element Solutions by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,654 shares of the company’s stock valued at $37,456,000 after buying an additional 20,542 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Element Solutions by 2.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,276,978 shares of the company’s stock valued at $159,365,000 after buying an additional 179,340 shares during the last quarter. Finally, Scopus Asset Management L.P. grew its stake in shares of Element Solutions by 32.0% during the fourth quarter. Scopus Asset Management L.P. now owns 1,410,626 shares of the company’s stock valued at $34,250,000 after buying an additional 342,072 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ESI shares. Mizuho dropped their target price on Element Solutions from $29.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Barclays upgraded Element Solutions from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $24.00 to $22.00 in a research report on Monday, July 11th. Finally, StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Element Solutions has an average rating of “Moderate Buy” and a consensus target price of $25.25.

Element Solutions Company Profile

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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.

Further Reading

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