Trinseo S.A. (NYSE:TSE) insider David Phillip Stasse sold 10,043 shares of Trinseo stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $71.17, for a total value of $714,760.31. Following the sale, the insider now directly owns 28,684 shares of the company’s stock, 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. (NYSE TSE) opened at $70.90 on Tuesday. Trinseo S.A. has a twelve month low of $52.75 and a twelve month high of $73.40. The stock has a market capitalization of $3,098.66, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 1.17 and a beta of 2.36. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. equities research analysts predict that Trinseo S.A. will post 7.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, October 6th. Trinseo’s payout ratio is presently 22.54%.
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TSE has been the subject of a number of research reports. Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a report on Friday, July 21st. BidaskClub downgraded Trinseo from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC decreased their target price on Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a report on Friday, August 4th. Citigroup Inc. decreased their target price on Trinseo from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, August 7th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of Trinseo in a 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 assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $77.00.
A number of large investors have recently made changes to their positions in the business. Alps Advisors Inc. lifted its holdings in Trinseo by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,811 shares of the basic materials company’s stock valued at $468,000 after acquiring an additional 18 shares during the period. Balyasny Asset Management LLC raised its stake in shares of Trinseo by 0.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 9,700 shares of the basic materials company’s stock worth $666,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Trinseo by 2.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,613 shares of the basic materials company’s stock worth $248,000 after buying an additional 81 shares during the period. Ronald Blue & Co. LLC raised its stake in shares of Trinseo by 5.2% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,206 shares of the basic materials company’s stock worth $220,000 after buying an additional 158 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Trinseo by 0.4% during the 1st quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock worth $4,350,000 after buying an additional 245 shares during the period. 94.90% of the stock is owned by institutional investors.
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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