Trinseo (NYSE:TSE) Trading 5.5% Higher

Trinseo S.A. (NYSE:TSE) traded up 5.5% on Thursday . The company traded as high as $35.18 and last traded at $35.00, 551,655 shares changed hands during mid-day trading. An increase of 62% from the average session volume of 339,698 shares. The stock had previously closed at $33.19.

A number of equities analysts recently weighed in on the stock. Deutsche Bank decreased their price objective on shares of Trinseo from $55.00 to $50.00 and set a “buy” rating for the company in a report on Monday, July 1st. They noted that the move was a valuation call. Citigroup set a $48.00 price objective on shares of Trinseo and gave the stock a “buy” rating in a report on Monday, July 15th. Zacks Investment Research lowered shares of Trinseo from a “hold” rating to a “strong sell” rating in a report on Thursday, July 4th. TheStreet lowered shares of Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Finally, ValuEngine upgraded shares of Trinseo from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.50.

The company has a market cap of $1.36 billion, a price-to-earnings ratio of 4.24, a PEG ratio of 0.46 and a beta of 2.02. The company has a quick ratio of 2.05, a current ratio of 2.81 and a debt-to-equity ratio of 1.61. The business’s 50 day simple moving average is $38.85.

Trinseo (NYSE:TSE) last announced its earnings results on Thursday, August 8th. The basic materials company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.63). The company had revenue of $951.80 million for the quarter, compared to analysts’ expectations of $1.07 billion. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. Trinseo’s quarterly revenue was down 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share. On average, equities research analysts expect that Trinseo S.A. will post 6.03 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.60 dividend on an annualized basis and a yield of 5.20%. Trinseo’s dividend payout ratio is presently 22.07%.

In other Trinseo news, insider Catherine C. Keenan sold 12,264 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $38.17, for a total transaction of $468,116.88. Following the completion of the sale, the insider now directly owns 15,901 shares in the company, valued at approximately $606,941.17. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Catherine C. Keenan sold 5,050 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $38.41, for a total transaction of $193,970.50. Following the sale, the insider now owns 15,901 shares of the company’s stock, valued at $610,757.41. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Trinseo by 5.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 495,527 shares of the basic materials company’s stock worth $20,981,000 after acquiring an additional 25,613 shares during the period. Panagora Asset Management Inc. increased its position in shares of Trinseo by 175.8% during the second quarter. Panagora Asset Management Inc. now owns 157,091 shares of the basic materials company’s stock worth $6,651,000 after acquiring an additional 100,142 shares during the period. Russell Investments Group Ltd. increased its position in shares of Trinseo by 6.9% during the second quarter. Russell Investments Group Ltd. now owns 59,461 shares of the basic materials company’s stock worth $2,517,000 after acquiring an additional 3,832 shares during the period. Prudential Financial Inc. increased its position in shares of Trinseo by 124.0% during the second quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock worth $50,771,000 after acquiring an additional 663,792 shares during the period. Finally, Price Wealth Management Inc. purchased a new position in shares of Trinseo during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Trinseo Company Profile (NYSE:TSE)

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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