Element Solutions Inc (NYSE:ESI) Short Interest Update

Element Solutions Inc (NYSE:ESIGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 4,300,000 shares, an increase of 29.9% from the August 15th total of 3,310,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.9% of the shares of the company are sold short.

Element Solutions Trading Down 1.4 %

NYSE ESI opened at $19.53 on Monday. The business has a 50 day simple moving average of $20.07 and a 200 day simple moving average of $19.14. Element Solutions has a one year low of $15.31 and a one year high of $21.90. The stock has a market capitalization of $4.72 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.32 and a quick ratio of 2.44.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Element Solutions had a return on equity of 13.13% and a net margin of 5.90%. The firm had revenue of $586.10 million during the quarter, compared to analysts’ expectations of $611.13 million. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. Research analysts expect that Element Solutions will post 1.3 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.32 annualized dividend and a yield of 1.64%. Element Solutions’s dividend payout ratio (DPR) is currently 56.14%.

Analyst Ratings Changes

Several research firms have recently issued reports on ESI. BMO Capital Markets began coverage on Element Solutions in a report on Tuesday, June 20th. They set an “outperform” rating and a $23.00 target price on the stock. StockNews.com began coverage on Element Solutions in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Mizuho increased their target price on Element Solutions from $21.00 to $22.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.21.

View Our Latest Analysis on Element Solutions

Institutional Investors Weigh In On Element Solutions

Institutional investors have recently bought and sold shares of the stock. Machina Capital S.A.S. bought a new stake in Element Solutions during the first quarter worth $25,000. Parallel Advisors LLC boosted its position in Element Solutions by 47.8% in the second quarter. Parallel Advisors LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 554 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Element Solutions by 8,131.8% in the second quarter. Quadrant Capital Group LLC now owns 1,811 shares of the company’s stock worth $35,000 after purchasing an additional 1,789 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Element Solutions in the fourth quarter worth $49,000. Finally, Covestor Ltd boosted its position in Element Solutions by 32.1% in the first quarter. Covestor Ltd now owns 2,845 shares of the company’s stock worth $62,000 after purchasing an additional 692 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

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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