Trinseo S.A. (NYSE:TSE) Director Stephen M. Zide purchased 10,208 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average price of $50.12 per share, for a total transaction of $511,624.96. Following the purchase, the director now owns 18,578 shares in the company, valued at $931,129.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
TSE opened at $49.65 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.93 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 0.49 and a beta of 2.47. Trinseo S.A. has a 52-week low of $44.06 and a 52-week high of $85.35.
Trinseo (NYSE:TSE) last posted its earnings results on Thursday, November 8th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Trinseo had a net margin of 8.82% and a return on equity of 52.61%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 EPS. As a group, analysts expect that Trinseo S.A. will post 8.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, January 8th. Trinseo’s dividend payout ratio is currently 19.68%.
A number of equities analysts recently issued reports on TSE shares. Citigroup dropped their price target on shares of Trinseo from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. Tudor Pickering cut shares of Trinseo from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research note on Tuesday, November 13th. ValuEngine cut shares of Trinseo from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. Barclays dropped their price target on shares of Trinseo from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, November 12th. Finally, Zacks Investment Research cut shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $78.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in Trinseo during the 3rd quarter valued at about $200,000. Vanguard Group Inc. lifted its stake in Trinseo by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,074,965 shares of the basic materials company’s stock valued at $84,170,000 after acquiring an additional 39,453 shares during the period. Morgan Stanley lifted its stake in Trinseo by 2.7% during the 3rd quarter. Morgan Stanley now owns 224,933 shares of the basic materials company’s stock valued at $17,613,000 after acquiring an additional 5,821 shares during the period. Nordea Investment Management AB bought a new position in Trinseo during the 3rd quarter valued at about $11,047,000. Finally, TIAA CREF Investment Management LLC lifted its stake in Trinseo by 26.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 223,636 shares of the basic materials company’s stock valued at $17,511,000 after acquiring an additional 46,135 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.
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Trinseo Company Profile
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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.
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