Trinseo S.A. (TSE) Insider Sells $962,550.00 in Stock
Trinseo S.A. (NYSE:TSE) insider Christopher D. Pappas sold 15,000 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $64.17, for a total transaction of $962,550.00. Following the completion of the transaction, the insider now directly owns 255,240 shares in the company, valued at $16,378,750.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Trinseo S.A. (NYSE:TSE) traded up 0.39% during midday trading on Tuesday, reaching $64.45. 657,332 shares of the company were exchanged. The company has a market capitalization of $2.83 billion, a P/E ratio of 9.62 and a beta of 2.47. The stock has a 50-day moving average price of $68.35 and a 200 day moving average price of $61.92. Trinseo S.A. has a 52-week low of $39.45 and a 52-week high of $72.60.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Wednesday, February 22nd. The basic materials company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.32. Trinseo had a net margin of 7.65% and a return on equity of 76.25%. The firm had revenue of $917 million for the quarter, compared to analysts’ expectations of $889.56 million. During the same period last year, the firm earned $1.11 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts expect that Trinseo S.A. will post $7.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. Trinseo’s payout ratio is presently 20.44%.
A number of equities analysts have recently weighed in on TSE shares. Zacks Investment Research raised shares of Trinseo from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 5th. Jefferies Group LLC upped their price target on shares of Trinseo to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.00.
A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Trinseo by 37.2% in the third quarter. Swiss National Bank now owns 71,900 shares of the basic materials company’s stock worth $4,067,000 after buying an additional 19,500 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Trinseo during the third quarter worth about $2,773,000. US Bancorp DE purchased a new position in shares of Trinseo during the third quarter worth $760,000. Bank of New York Mellon Corp boosted its position in shares of Trinseo by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 332,744 shares of the basic materials company’s stock worth $18,819,000 after buying an additional 11,568 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Trinseo by 105.9% in the third quarter. Neuberger Berman Group LLC now owns 39,954 shares of the basic materials company’s stock worth $2,260,000 after buying an additional 20,549 shares in the last quarter.
Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
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