Trinseo SA (TSE) Hits New 12-Month High at $52.25
Shares of Trinseo SA (NYSE:TSE) reached a new 52-week high on Wednesday . The company traded as high as $52.25 and last traded at $51.61, with a volume of 269,927 shares traded. The stock had previously closed at $51.39.
TSE has been the subject of a number of recent research reports. Goldman Sachs Group Inc. boosted their target price on Trinseo SA from $39.00 to $44.00 in a research report on Tuesday, April 12th. Jefferies Group reaffirmed a “buy” rating and issued a $46.00 price target (up from $38.00) on shares of Trinseo SA in a research note on Monday, April 11th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo SA in a research note on Wednesday, June 15th. Morgan Stanley reaffirmed a “hold” rating and issued a $48.00 price target on shares of Trinseo SA in a research note on Thursday, June 16th. Finally, Citigroup Inc. lifted their price target on Trinseo SA from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $44.71.
The company has a market cap of $2.43 billion and a price-to-earnings ratio of 14.64. The company has a 50-day moving average price of $46.63 and a 200 day moving average price of $37.33.
Trinseo SA (NYSE:TSE) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.35 by $0.27. The firm had revenue of $894 million for the quarter, compared to analysts’ expectations of $971.12 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. Equities analysts predict that Trinseo SA will post $6.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Wednesday, July 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%.
In other news, Director Stephen F. Thomas sold 8,000,000 shares of Trinseo SA stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $42.90, for a total value of $343,200,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Hayati Yarkadas purchased 2,100 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was bought at an average price of $48.82 per share, for a total transaction of $102,522.00. Following the completion of the acquisition, the insider now directly owns 10,594 shares in the company, valued at approximately $517,199.08. The disclosure for this purchase can be found here.
Several hedge funds and institutional investors recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of Trinseo SA by 15.3% in the fourth quarter. Wells Fargo & Company MN now owns 260,302 shares of the company’s stock worth $7,341,000 after buying an additional 34,456 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Trinseo SA by 37.1% in the fourth quarter. GSA Capital Partners LLP now owns 59,630 shares of the company’s stock worth $1,682,000 after buying an additional 16,130 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Trinseo SA by 7.7% in the fourth quarter. California Public Employees Retirement System now owns 171,300 shares of the company’s stock worth $4,831,000 after buying an additional 12,200 shares in the last quarter.
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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