Trinseo SA (TSE) Sees Large Volume Increase
Trinseo SA (NYSE:TSE) saw unusually-high trading volume on Tuesday . Approximately 2,366,774 shares traded hands during mid-day trading, an increase of 271% from the previous session’s volume of 638,322 shares.The stock last traded at $50.38 and had previously closed at $51.51.
TSE has been the topic of several research reports. Goldman Sachs Group Inc. increased 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 target price (up from $38.00) on shares of Trinseo SA in a research report on Monday, April 11th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo SA in a research report on Wednesday, June 15th. Morgan Stanley reaffirmed a “hold” rating and issued a $48.00 target price on shares of Trinseo SA in a research report on Thursday, June 16th. Finally, Citigroup Inc. increased their target price on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.57.
The stock’s 50 day moving average is $47.72 and its 200 day moving average is $39.98. The company has a market capitalization of $2.33 billion and a PE ratio of 9.16.
Trinseo SA (NYSE:TSE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.65. During the same quarter last year, the business posted $1.61 earnings per share. Analysts anticipate that Trinseo SA will post $6.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Wednesday, July 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, July 1st.
In other Trinseo SA news, Director Stephen F. Thomas sold 8,000,000 shares of Trinseo SA stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $42.90, for a total transaction of $343,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider E. Jeffery Denton acquired 1,200 shares of the stock in a transaction on Friday, May 13th. The shares were purchased at an average price of $43.66 per share, for a total transaction of $52,392.00. Following the completion of the transaction, the insider now owns 17,845 shares in the company, valued at approximately $779,112.70. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Trinseo SA stock. California Public Employees Retirement System boosted its stake in Trinseo SA (NYSE:TSE) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 171,300 shares of the company’s stock after buying an additional 12,200 shares during the period. California Public Employees Retirement System owned about 0.35% of Trinseo SA worth $4,831,000 at the end of the most recent 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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