Short Interest in Trinseo S.A. (NYSE:TSE) Declines By 21.8%

Trinseo S.A. (NYSE:TSE) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 568,100 shares, a drop of 21.8% from the May 30th total of 726,100 shares. Based on an average daily trading volume, of 315,600 shares, the short-interest ratio is presently 1.8 days. Currently, 1.4% of the shares of the stock are short sold.

In related 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 value of $468,116.88. Following the sale, the insider now owns 15,901 shares in the company, valued at $606,941.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine C. Keenan sold 5,050 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $38.41, for a total transaction of $193,970.50. Following the completion of the sale, the insider now owns 15,901 shares in the company, valued at approximately $610,757.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,396 shares of company stock worth $754,861. Company 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 the business. LSV Asset Management boosted its stake in shares of Trinseo by 5.1% during the first quarter. LSV Asset Management now owns 2,470,156 shares of the basic materials company’s stock valued at $111,898,000 after purchasing an additional 118,850 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Trinseo by 11.1% during the fourth quarter. Macquarie Group Ltd. now owns 1,633,445 shares of the basic materials company’s stock valued at $74,780,000 after purchasing an additional 163,607 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Trinseo by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 1,071,781 shares of the basic materials company’s stock valued at $48,552,000 after purchasing an additional 32,643 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Trinseo by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,004,703 shares of the basic materials company’s stock valued at $45,995,000 after purchasing an additional 84,949 shares during the period. Finally, Norges Bank purchased a new stake in shares of Trinseo during the fourth quarter valued at $34,146,000. 97.06% of the stock is owned by institutional investors.

TSE has been the topic of several research reports. Deutsche Bank upgraded shares of MGM CHINA HOLDI/ADR to a “buy” rating in a research report on Monday, July 1st. TheStreet cut shares of Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. ValuEngine cut shares of Welbilt from a “hold” rating to a “sell” rating in a research report on Wednesday, June 12th. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.88.

NYSE TSE traded up $0.10 on Thursday, hitting $38.38. 400,081 shares of the stock were exchanged, compared to its average volume of 333,286. 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 has a fifty day moving average price of $39.80. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 5.29, a P/E/G ratio of 0.56 and a beta of 2.09. Trinseo has a 52-week low of $36.65 and a 52-week high of $82.18.

Trinseo (NYSE:TSE) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.09 billion. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. Trinseo’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.76 earnings per share. On average, research analysts forecast that Trinseo will post 6.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.17%. The ex-dividend date is Wednesday, July 10th. Trinseo’s payout ratio is 22.07%.

About Trinseo

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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