Element Solutions Inc (NYSE:ESI) Short Interest Update

Element Solutions Inc (NYSE:ESI) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 5,190,000 shares, an increase of 25.1% from the May 31st total of 4,150,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 3.5 days. Currently, 2.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Treasurer of the State of North Carolina increased its position in Element Solutions by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 98,021 shares of the company’s stock valued at $1,922,000 after acquiring an additional 500 shares during the period. Handelsbanken Fonder AB raised its position in Element Solutions by 1.5% during the 4th quarter. Handelsbanken Fonder AB now owns 34,115 shares of the company’s stock worth $789,000 after purchasing an additional 500 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Element Solutions by 4.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,721 shares of the company’s stock worth $364,000 after purchasing an additional 598 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Element Solutions by 51.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after buying an additional 684 shares during the period. Finally, AIA Group Ltd grew its position in shares of Element Solutions by 3.4% in the 4th quarter. AIA Group Ltd now owns 22,586 shares of the company’s stock valued at $523,000 after buying an additional 744 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Trading Down 1.1 %

ESI opened at $26.84 on Tuesday. The company has a market cap of $6.50 billion, a P/E ratio of 49.69, a PEG ratio of 1.32 and a beta of 1.30. The company has a current ratio of 3.63, a quick ratio of 2.69 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $24.72 and its 200-day moving average is $23.91. Element Solutions has a 1-year low of $17.57 and a 1-year high of $27.86.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities research analysts predict that Element Solutions will post 1.43 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ESI. The Goldman Sachs Group boosted their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price target (up previously from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. UBS Group lifted their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Mizuho boosted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.40.

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.