Trinseo SA (TSE) Hits New 1-Year High at $49.90
Trinseo SA (NYSE:TSE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.90 and last traded at $49.86, with a volume of 329,227 shares traded. The stock had previously closed at $48.62.
TSE has been the subject of a number of recent research reports. Citigroup Inc. increased their target price on Trinseo SA from $36.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, April 18th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo SA in a report on Wednesday, June 15th. Jefferies Group reaffirmed a “buy” rating and set a $46.00 price target (up from $38.00) on shares of Trinseo SA in a report on Monday, April 11th. Goldman Sachs Group Inc. raised their price target on Trinseo SA from $39.00 to $44.00 in a report on Tuesday, April 12th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $48.00 price target on shares of Trinseo SA in a report on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.71.
The stock has a market cap of $2.40 billion and a PE ratio of 14.46. The company’s 50-day moving average price is $46.39 and its 200 day moving average price is $36.93.
Trinseo SA (NYSE:TSE) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.27. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm had revenue of $894 million for the quarter, compared to the consensus estimate of $971.12 million. The company’s revenue was down 12.2% on a year-over-year basis. Equities research analysts predict that Trinseo SA will post $6.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Wednesday, July 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, July 1st.
In related news, insider E. Jeffery Denton purchased 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was acquired at an average cost of $43.66 per share, for a total transaction of $52,392.00. Following the completion of the purchase, the insider now owns 17,845 shares in the company, valued at approximately $779,112.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen F. Thomas sold 8,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $42.90, for a total value of $343,200,000.00. The disclosure for this sale can be found here.
Other large investors recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake 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 valued at $7,341,000 after buying an additional 34,456 shares during the period. California Public Employees Retirement System boosted its stake 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 valued at $4,831,000 after buying an additional 12,200 shares during the period. Oxford Asset Management bought a new stake in shares of Trinseo SA during the fourth quarter valued at about $1,760,000. Finally, GSA Capital Partners LLP boosted its stake 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 valued at $1,682,000 after buying an additional 16,130 shares during the period.
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.