Insider Selling: Trinseo S.A. (TSE) Insider Sells $1,280,000.00 in Stock
Trinseo S.A. (NYSE:TSE) insider Christopher D. Pappas sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $64.00, for a total value of $1,280,000.00. Following the transaction, the insider now owns 260,240 shares in the company, valued at $16,655,360. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Trinseo S.A. (NYSE:TSE) opened at 63.85 on Friday. Trinseo S.A. has a 12 month low of $39.45 and a 12 month high of $72.60. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.28 and a beta of 2.47. The stock has a 50 day moving average price of $65.21 and a 200-day moving average price of $63.44.
Trinseo (NYSE:TSE) last issued its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. Trinseo had a return on equity of 76.25% and a net margin of 7.65%. The business had revenue of $1.10 billion for the quarter. Analysts expect that Trinseo S.A. will post $7.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.88%. Trinseo’s dividend payout ratio (DPR) is presently 20.44%.
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A number of large investors have recently modified their holdings of TSE. DekaBank Deutsche Girozentrale bought a new stake in shares of Trinseo during the third quarter worth about $105,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Trinseo during the first quarter valued at $154,000. Ronald Blue & Co. LLC acquired a new stake in shares of Trinseo during the first quarter valued at $205,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Trinseo during the first quarter valued at $208,000. Finally, Amalgamated Bank acquired a new stake in shares of Trinseo during the first quarter valued at $224,000.
TSE has been the topic of several recent research reports. Jefferies Group LLC restated a “buy” rating and set a $82.00 price target on shares of Trinseo in a research report on Thursday, March 30th. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Saturday, February 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.00.
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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