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Element Solutions Inc (ESI) Review – Making Smarter Decisions

Element Solutions Inc (NYSE: ESI) is 8.21% higher on its value in year-to-date trading and has touched a low of $17.08 and a high of $25.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ESI stock was last observed hovering at around $24.67 in the last trading session, with the day’s gains setting it 0.37%.

Currently trading at $25.04, the stock is 2.89% and 6.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 1.50% at the moment leaves the stock 19.32% off its SMA200. ESI registered 29.67% gain for a year compared to 6-month gain of 29.47%. The firm has a 50-day simple moving average (SMA 50) of $3.27 and a 200-day simple moving average (SMA200) of $22.10.

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The stock witnessed a 6.28% loss in the last 1 month and extending the period to 3 months gives it a 9.78%, and is 1.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.48% over the week and 1.62% over the month.

Element Solutions Inc (ESI) has around 5300 employees, a market worth around $6.06B and $2.33B in sales. Current P/E ratio is 52.58 and Fwd P/E is 15.97. Profit margin for the company is 5.06%. Distance from 52-week low is 46.60% and -0.40% from its 52-week high. The company has generated returns on investments over the last 12 months (2.73%).

Element Solutions Inc quarterly earnings per share for the current quarter are estimated at $0.31 with sales reaching $586.9M over the same period.The EPS is expected to grow by 7.00% this year, but quarterly earnings will post 4.30% year-over-year. Quarterly sales are estimated to grow 2.20% in year-over-year returns.

381 institutions hold shares in Element Solutions Inc (ESI), with institutional investors hold 101.33% of the company’s shares. The shares outstanding are 241.53M, and float is at 221.87M with Short Float at 1.71%. Institutions hold 93.54% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 21.68 million shares valued at $416.32 million. The investor’s holdings represent 8.98% of the ESI Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 18.43 million shares valued at $353.93 million to account for 7.63% of the shares outstanding. The other top investors are T. Rowe Price Investment Management, Inc. which holds 17.27 million shares representing 7.15% and valued at over $331.54 million, while Wellington Management Group, LLP holds 5.63% of the shares totaling 13.6 million with a market value of $261.11 million.

Element Solutions Inc (ESI) Insider Activity

The most recent transaction is an insider sale by Fricke Richard L., the company’s SVP, Electronics. SEC filings show that Fricke Richard L. sold 9,500 shares of the company’s common stock on Feb 28 ’24 at a price of $23.40 per share for a total of $0.22 million. Following the sale, the insider now owns 36229.0 shares.

Element Solutions Inc disclosed in a document filed with the SEC on Feb 15 ’24 that Gliklich Benjamin (President and CEO) sold a total of 6,579 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $23.20 per share for $0.15 million. Following the transaction, the insider now directly holds 0.73 million shares of the ESI stock.

Still, SEC filings show that on Feb 15 ’24, D’Ambrisi Joseph J. (EVP Head of Electronics) disposed off 1,771 shares at an average price of $23.20 for $41087.0. The insider now directly holds 410,077 shares of Element Solutions Inc (ESI).

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