Element Solutions Inc
No SEC Form 4 filings for $ESI in the last 30 days.
Japan’s Nikkei 225 fell 0.68% to 64,716.44 on Tuesday, snapping a three-session gain, with weakness in index heavyweights, automakers and tech. Advantest dropped over 5%, Tokyo Electron fell more than 2%, while SoftBank rose over 8%. The dollar traded around 158 yen; WTI crude slid 5.2% to $91.56.
M&T Bank Corp significantly increased its stake in Element Solutions Inc. (NYSE:ESI) by acquiring an additional 35,805 shares, bringing its total holdings to 44,282 shares valued at $1.107 million. This move is part of a broader trend of increased institutional investment in Element Solutions, while an insider recently sold a large block of shares. The company reported strong Q2 earnings, beating analyst estimates, and several analysts have recently reiterated or upgraded their ratings with price targets around $39.57.
Jim Cramer expressed a positive outlook on Element Solutions Inc (NYSE: ESI), a specialty chemicals company, despite its stagnant performance over the last five years. He highlighted recent improvements in sales and earnings growth, noting that it trades at a lower valuation compared to Qnity. Cramer advised that Element Solutions is a good option for investors looking to enter the chemical space, particularly benefiting from current semiconductor and geopolitical demand, but acknowledged potential risks if these conditions change.
