Trinseo S.A. (TSE) Insider Sells $714,760.31 in Stock
Trinseo S.A. (NYSE:TSE) insider David Phillip Stasse sold 10,043 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the transaction, the insider now directly owns 28,684 shares in the company, valued at $2,041,440.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Trinseo S.A. (NYSE TSE) traded up $0.25 during trading on Monday, reaching $70.90. 377,800 shares of the company traded hands, compared to its average volume of 611,912. Trinseo S.A. has a 52-week low of $50.70 and a 52-week high of $73.40. The firm has a market capitalization of $3,098.66, a PE ratio of 9.24, a P/E/G ratio of 1.17 and a beta of 2.36. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.04). Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. Trinseo’s revenue for the quarter was up 17.2% on a year-over-year basis. research analysts anticipate that Trinseo S.A. will post 7.61 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its position in 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 purchasing an additional 18 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of Trinseo by 0.4% during the second quarter. Balyasny Asset Management LLC now owns 9,700 shares of the basic materials company’s stock valued at $666,000 after acquiring an additional 40 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Trinseo by 2.3% during 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 acquiring an additional 81 shares during the last quarter. Ronald Blue & Co. LLC increased its position in shares of Trinseo by 5.2% during the second quarter. Ronald Blue & Co. LLC now owns 3,206 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 158 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Trinseo by 0.4% during the first quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock valued at $4,350,000 after acquiring an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Several research firms have issued reports on TSE. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday. Barclays PLC raised their price target on shares of Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th. Jefferies Group LLC raised their price target on shares of Trinseo from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research note on Tuesday, September 5th. Finally, ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $77.00.
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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