Several other research analysts have also recently commented on the stock. Morgan Stanley decreased their target price on shares of Trinseo from $49.00 to $32.00 and set an equal weight rating for the company in a research report on Wednesday, August 14th. Goldman Sachs Group cut shares of Trinseo from a neutral rating to a sell rating in a research report on Wednesday, July 17th. TheStreet cut shares of Trinseo from a b- rating to a c+ rating in a research report on Friday, May 17th. Zacks Investment Research cut shares of Trinseo from a hold rating to a strong sell rating in a research report on Thursday, July 4th. Finally, Citigroup cut shares of Trinseo from a buy rating to a neutral rating and decreased their target price for the stock from $48.00 to $32.00 in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $49.86.
NYSE TSE opened at $29.29 on Friday. Trinseo has a 52 week low of $27.37 and a 52 week high of $82.18. The company has a current ratio of 2.83, a quick ratio of 2.05 and a debt-to-equity ratio of 1.63. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 0.47 and a beta of 2.02. The company has a 50-day moving average price of $37.24 and a two-hundred day moving average price of $43.16.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Wednesday, July 10th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.
In other news, insider Catherine C. Keenan sold 5,050 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $38.41, for a total value of $193,970.50. Following the completion of the transaction, the insider now directly owns 15,901 shares in the company, valued at $610,757.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine C. Keenan sold 12,264 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $38.17, for a total transaction of $468,116.88. Following the sale, the insider now owns 15,901 shares of the company’s stock, valued at $606,941.17. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential PLC lifted its holdings in shares of Trinseo by 7.4% during the 2nd quarter. Prudential PLC now owns 7,757,914 shares of the basic materials company’s stock worth $325,832,000 after acquiring an additional 536,746 shares during the period. LSV Asset Management raised its position in Trinseo by 5.1% during the first quarter. LSV Asset Management now owns 2,470,156 shares of the basic materials company’s stock worth $111,898,000 after acquiring an additional 118,850 shares in the last quarter. Prudential Financial Inc. raised its position in 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 in the last quarter. JPMorgan Chase & Co. raised its position in Trinseo by 7.1% during the second quarter. JPMorgan Chase & Co. now owns 1,147,764 shares of the basic materials company’s stock worth $48,195,000 after acquiring an additional 75,983 shares in the last quarter. Finally, FMR LLC raised its position in Trinseo by 151.9% during the fourth quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock worth $31,054,000 after acquiring an additional 409,062 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.
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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