Trinseo (NYSE:TSE) Shares Up 6.8%

Shares of Trinseo S.A. (NYSE:TSE) shot up 6.8% during trading on Friday . The company traded as high as $43.12 and last traded at $42.28, 554,400 shares changed hands during mid-day trading. An increase of 24% from the average session volume of 447,812 shares. The stock had previously closed at $39.59.

A number of brokerages have recently commented on TSE. Zacks Investment Research lowered shares of Trinseo from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 4th. ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut their price objective on shares of Trinseo from $49.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Goldman Sachs Group lowered shares of Trinseo from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 17th. Finally, Deutsche Bank boosted their price objective on shares of Trinseo from $38.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $48.57.

The stock’s 50-day moving average price is $38.94 and its 200 day moving average price is $40.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.83 and a quick ratio of 2.04. The firm has a market cap of $1.59 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.88 and a beta of 1.97.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.63). Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The firm had revenue of $951.80 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company posted $2.40 earnings per share. The business’s revenue was down 23.0% compared to the same quarter last year. As a group, analysts forecast that Trinseo S.A. will post 3.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.78%. The ex-dividend date is Wednesday, October 9th. Trinseo’s dividend payout ratio (DPR) is currently 22.07%.

In other news, insider Frank A. Bozich purchased 15,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $28.97 per share, with a total value of $434,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSE. 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. Nuveen Asset Management LLC bought a new stake in Trinseo during the second quarter worth $27,805,000. Prudential PLC increased its holdings in shares of Trinseo by 7.4% in the second quarter. Prudential PLC now owns 7,757,914 shares of the basic materials company’s stock valued at $325,832,000 after purchasing an additional 536,746 shares during the last quarter. Man Group plc increased its holdings in shares of Trinseo by 45.7% in the second quarter. Man Group plc now owns 488,245 shares of the basic materials company’s stock valued at $20,673,000 after purchasing an additional 153,136 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of Trinseo by 175.8% in the second quarter. Panagora Asset Management Inc. now owns 157,091 shares of the basic materials company’s stock valued at $6,651,000 after purchasing an additional 100,142 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

About Trinseo (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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