Trinseo S.A. (NYSE:TSE) Insider Christopher D. Pappas Sells 25,000 Shares
Trinseo S.A. (NYSE:TSE) insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $71.04, for a total value of $1,776,000.00. Following the transaction, the insider now directly owns 265,240 shares of the company’s stock, valued at $18,842,649.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Trinseo S.A. (TSE) traded down 1.60% during trading on Friday, hitting $64.45. The stock had a trading volume of 1,414,045 shares. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 9.13 and a beta of 2.38. Trinseo S.A. has a 52-week low of $44.70 and a 52-week high of $72.60. The company has a 50-day moving average price of $68.23 and a 200-day moving average price of $67.12.
Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by $0.41. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 70.37%. Trinseo’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Equities research analysts forecast that Trinseo S.A. will post $7.49 EPS for the current year.
Trinseo announced that its Board of Directors has initiated a share repurchase plan on Thursday, June 22nd that allows the company to buyback 2,000,000 shares. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, July 7th. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 2.23%. Trinseo’s payout ratio is currently 20.34%.
Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Trinseo by 80,972.2% in the first quarter. BlackRock Inc. now owns 2,152,468 shares of the basic materials company’s stock worth $144,430,000 after buying an additional 2,149,813 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Trinseo by 1,244.1% in the first quarter. Alliancebernstein L.P. now owns 1,746,047 shares of the basic materials company’s stock worth $117,160,000 after buying an additional 1,616,145 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Trinseo during the first quarter worth about $69,072,000. Marshall Wace North America L.P. acquired a new stake in shares of Trinseo during the first quarter worth about $69,072,000. Finally, LSV Asset Management increased its stake in shares of Trinseo by 70.8% in the first quarter. LSV Asset Management now owns 1,182,020 shares of the basic materials company’s stock worth $79,313,000 after buying an additional 490,164 shares during the last quarter.
Several equities analysts have weighed in on the company. BidaskClub raised Trinseo from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective for the company in a report on Friday, July 21st. Citigroup Inc. increased their price objective on Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 12th. Barclays PLC reduced their price objective on Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Jefferies Group LLC reissued a “buy” rating and set a $82.00 price objective on shares of Trinseo in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $76.75.
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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