Trinseo S.A. (NYSE:TSE) Insider Sells $1,737,250.00 in Stock
Trinseo S.A. (NYSE:TSE) insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $69.49, for a total transaction of $1,737,250.00. Following the transaction, the insider now directly owns 265,240 shares of the company’s stock, valued at $18,431,527.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Trinseo S.A. (NYSE TSE) traded down 3.49% during trading on Thursday, hitting $67.85. 732,328 shares of the company’s stock were exchanged. The company has a 50-day moving average of $65.43 and a 200-day moving average of $65.64. Trinseo S.A. has a 12-month low of $41.60 and a 12-month high of $72.60. The company has a market cap of $2.98 billion, a P/E ratio of 8.80 and a beta of 2.40.
Trinseo (NYSE:TSE) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.15. Trinseo had a net margin of 9.14% and a return on equity of 80.69%. The business had revenue of $1.10 billion during the quarter. On average, equities analysts expect that Trinseo S.A. will post $7.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be issued a dividend of $0.36 per share. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.12%. Trinseo’s dividend payout ratio is presently 15.50%.
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Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Trinseo by 17.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the basic materials company’s stock worth $225,000 after buying an additional 572 shares during the last quarter. State Street Corp raised its stake in Trinseo by 12.3% in the fourth quarter. State Street Corp now owns 563,935 shares of the basic materials company’s stock worth $33,440,000 after buying an additional 61,571 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Trinseo during the first quarter worth about $208,000. Hennessy Advisors Inc. acquired a new stake in Trinseo during the first quarter worth about $3,778,000. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Trinseo during the first quarter worth about $2,417,000.
TSE has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $82.00 target price on shares of Trinseo in a research note on Friday, June 16th. BidaskClub raised shares of Trinseo from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research cut shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $66.00.
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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