The Vanguard Group, Inc. has recently announced that it has increased stake in Element Solutions Inc (NYSE:ESI) by 1.66%. After grabbing 21.23 million shares, the institutional investor is now in possession of 0.35 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 8.80% having worth around $385.31 million. Moreover, T. Rowe Price Investment Manageme increased its share by 94951.0 to have a control over 17.23 million shares. And Fidelity Management & Research Co raised its holdings to 0.65 million shares by acquiring 10.29 million shares or 4.26% of the stake.
Element Solutions Inc (ESI) concluded trading on 05/24/23 at a closing price of $17.87, with 1.27 million shares of worth about $22.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.00% during that period and on Wednesday the price saw a loss of about -2.14%. Currently the company’s common shares owned by public are about 241.10M shares, out of which, 224.18M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the ESI stock and their offered price forecasts bring an average price target of $21.95. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $25.00 and could fall to a lowest price of $17.00. The stock’s current price level is 18.59% above of average price target set by the analysts, while a rise to estimated low would result in loss of -5.12% for the stock. However, touching the estimated high of $25.00 would mean a gain of 28.52% for the stock.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and DFA US Small Cap Value Portfolio are the top 3 mutual funds which are holding stakes in Element Solutions Inc Vanguard Total Stock Market ETF is currently holding 6.74 million shares of worth totaling $122.29 million. The company recently came buying 2682.0 shares which brought its stake up to 2.79% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold 1392.0 shares, after which its hold over company’s outstanding shares shrunk to 2.36%, leaving 5.68 million shares with the mutual fund that have a worth of about $103.15 million. DFA US Small Cap Value Portfolio, after selling 5.2 million shares, have now control over 2.15% of the stake in the company. It holds 45812.0 shares of worth $94.34 million.
Element Solutions Inc (NYSE: ESI) started trading at $18.14, below -$0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 18.16, or with a loss of -2.14%. Stock saw a price change of -1.16% in past 5 days and over the past one month there was a price change of 1.42%. Year-to-date (YTD), ESI shares are showing a performance of -1.76% which decreased to -12.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.31 but also hit the highest price of $22.14 during that period. The average intraday trading volume for Element Solutions Inc shares is 1.07 million. The stock is currently trading -0.84% below its 20-day simple moving average (SMA20), while that difference is down -2.45% for SMA50 and it goes to -4.49% lower than SMA200.
The Vanguard Group, Inc. acquired 21.23 million shares of Element Solutions Inc having value of about $385.31 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.35 million shares in the company valued at close to $6206322.48, or have control over 1.66% stake in the company. Element Solutions Inc (NYSE: ESI) currently have 241.10M outstanding shares and institutions hold larger chunk of about 93.50% of that. Holding of mutual funds in the company is about 37.79% while other institutional holders and individual stake holders have control over 54.26% and 14.94% of the stake respectively.
The stock has a current market capitalization of $4.35B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 25.42, while it has posted earnings per share of $0.70 in the same period. Its PEG reads 3.03 and has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ESI, volatility over the week remained 2.53% while standing at 2.28% over the month.
Analysts are in expectations that Element Solutions Inc (ESI) stock would likely to be making an EPS of $0.32 in the current quarter, while forecast for next quarter EPS is $0.39 and it is $1.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.90% while it is estimated to increase by 12.69% in next year. EPS is likely to shrink at an annualized rate of 8.38% for next 5-years, compared to annual growth of 23.80% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Element Solutions Inc (ESI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 11 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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