Trinseo S.A. (NYSE:TSE) insider David Phillip Stasse sold 10,043 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the completion of the sale, the insider now directly owns 28,684 shares in the company, valued at approximately $2,041,440.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Trinseo S.A. (TSE) opened at $70.10 on Wednesday. Trinseo S.A. has a 12-month low of $53.40 and a 12-month high of $73.40. The stock has a market cap of $3,098.66, a P/E ratio of 9.24, a PEG ratio of 1.17 and a beta of 2.36. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.78 and a current ratio of 2.59.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $1.70 earnings per share. research analysts anticipate that Trinseo S.A. will post 7.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, October 6th. Trinseo’s dividend payout ratio (DPR) is 22.54%.
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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its stake in shares of Trinseo by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,811 shares of the basic materials company’s stock worth $468,000 after buying an additional 18 shares during the last quarter. Balyasny Asset Management LLC increased its stake in Trinseo by 0.4% in the second quarter. Balyasny Asset Management LLC now owns 9,700 shares of the basic materials company’s stock valued at $666,000 after purchasing an additional 40 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Trinseo by 2.3% in the second quarter. Teacher Retirement System of Texas now owns 3,613 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 81 shares in the last quarter. Ronald Blue & Co. LLC increased its stake in Trinseo by 5.2% in the second quarter. Ronald Blue & Co. LLC now owns 3,206 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 158 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Trinseo by 0.4% in the first quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock valued at $4,350,000 after purchasing an additional 245 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on TSE shares. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research note on Friday, July 21st. BidaskClub lowered shares of Trinseo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC reduced their price target on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. Citigroup Inc. reduced their price target on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.00.
Trinseo Company Profile
Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
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