Trinseo S.A. (NYSE:TSE) had its target price trimmed by Citigroup Inc. from $70.00 to $68.00 in a report published on Monday. They currently have a neutral rating on the basic materials company’s stock.

TSE has been the topic of several other reports. Zacks Investment Research lowered Trinseo from a strong-buy rating to a hold rating in a report on Wednesday, April 19th. Barclays PLC reduced their target price on Trinseo from $75.00 to $73.00 and set an equal weight rating on the stock in a report on Friday. BidaskClub lowered Trinseo from a hold rating to a sell rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a buy rating and set a $82.00 target price on shares of Trinseo in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $76.25.

Trinseo (TSE) traded down 2.73% on Monday, reaching $62.25. The company had a trading volume of 308,035 shares. The firm has a 50 day moving average price of $68.23 and a 200-day moving average price of $67.12. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.82 and a beta of 2.38. Trinseo has a 12 month low of $44.70 and a 12 month high of $72.60.

Trinseo (NYSE:TSE) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by $0.41. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business’s 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. Analysts forecast that Trinseo will post $7.11 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 7th. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 2.25%. Trinseo’s payout ratio is currently 20.34%.

Trinseo declared that its board has authorized a stock buyback program on Thursday, June 22nd that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the basic materials company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other Trinseo news, insider Christopher D. Pappas sold 20,000 shares of Trinseo stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $67.24, for a total value of $1,344,800.00. Following the sale, the insider now owns 260,240 shares of the company’s stock, valued at approximately $17,498,537.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction dated 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 completion of the sale, the insider now directly owns 265,240 shares in the company, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,000 shares of company stock worth $6,138,050. Corporate insiders own 0.65% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. purchased a new stake in Trinseo during the second quarter valued at about $103,000. Ameritas Investment Partners Inc. purchased a new stake in Trinseo during the first quarter valued at about $154,000. Ronald Blue & Co. LLC purchased a new stake in Trinseo during the first quarter valued at about $205,000. Quantitative Systematic Strategies LLC purchased a new stake in Trinseo during the first quarter valued at about $208,000. Finally, Amalgamated Bank purchased a new stake in Trinseo during the first quarter valued at about $224,000.

Trinseo Company Profile

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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