Trinseo S.A. (NYSE:TSE) insider Angelo N. Chaclas sold 7,991 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $82.10, for a total value of $656,061.10. Following the sale, the insider now owns 14,671 shares of the company’s stock, valued at approximately $1,204,489.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Trinseo S.A. (TSE) traded down $1.90 during trading hours on Wednesday, hitting $80.05. The stock had a trading volume of 229,660 shares, compared to its average volume of 358,687. Trinseo S.A. has a one year low of $57.70 and a one year high of $85.35. The firm has a market cap of $3,542.51, a P/E ratio of 10.97, a PEG ratio of 0.96 and a beta of 2.27. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.63 and a quick ratio of 1.81.
Trinseo (NYSE:TSE) last released its earnings results on Monday, February 19th. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.47. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Trinseo had a return on equity of 62.52% and a net margin of 7.38%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. research analysts expect that Trinseo S.A. will post 8.53 earnings per share for the current fiscal year.
TSE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, February 16th. Barclays reiterated an “equal weight” rating and set a $88.00 price objective (up previously from $85.00) on shares of Trinseo in a research report on Monday, February 26th. Alembic Global Advisors reiterated a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Jefferies Group increased their price objective on Trinseo to $97.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Deutsche Bank increased their price objective on Trinseo to $92.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Trinseo has an average rating of “Buy” and an average price target of $90.17.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in shares of Trinseo in the third quarter valued at $161,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Trinseo by 815.1% in the third quarter. Cubist Systematic Strategies LLC now owns 14,990 shares of the basic materials company’s stock valued at $1,006,000 after purchasing an additional 13,352 shares in the last quarter. Bowling Portfolio Management LLC lifted its holdings in shares of Trinseo by 39.1% in the fourth quarter. Bowling Portfolio Management LLC now owns 32,254 shares of the basic materials company’s stock valued at $2,342,000 after purchasing an additional 9,066 shares in the last quarter. Comerica Bank purchased a new stake in shares of Trinseo in the fourth quarter valued at $1,129,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Trinseo in the third quarter valued at $964,000. Institutional investors own 98.66% of the company’s stock.
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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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