Insider Selling: Trinseo S.A. (TSE) Insider Sells 5,399 Shares of Stock
Trinseo S.A. (NYSE:TSE) insider Timothy M. Stedman sold 5,399 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $67.38, for a total transaction of $363,784.62. Following the transaction, the insider now directly owns 18,298 shares in the company, valued at approximately $1,232,919.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Trinseo S.A. (TSE) traded up 0.29% during trading on Wednesday, hitting $68.15. 547,814 shares of the stock traded hands. The stock has a market cap of $2.98 billion, a P/E ratio of 9.65 and a beta of 2.39. Trinseo S.A. has a 52-week low of $44.70 and a 52-week high of $72.60. The stock has a 50 day moving average price of $65.20 and a 200-day moving average price of $66.44.
Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by $0.41. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. Trinseo’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 EPS. On average, analysts anticipate that Trinseo S.A. will post $6.70 EPS for the current fiscal year.
Trinseo declared that its board has approved a stock repurchase program on Thursday, June 22nd that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have issued reports on TSE shares. Jefferies Group LLC reissued a “buy” rating and issued a $82.00 price target on shares of Trinseo in a report on Friday, June 16th. BidaskClub raised shares of Trinseo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Citigroup Inc. lifted their price target on shares of Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a research report on Friday, July 21st. Finally, Barclays PLC lowered their price target on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Trinseo has a consensus rating of “Buy” and an average target price of $75.80.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. purchased a new stake in Trinseo in the 2nd quarter valued at about $103,000. Ameritas Investment Partners Inc. acquired a new position in Trinseo in the 1st quarter valued at about $154,000. Royal Bank of Canada grew its position in Trinseo by 47.7% in the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after acquiring an additional 843 shares in the last quarter. Citigroup Inc. grew its position in Trinseo by 10.7% in the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 260 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. grew its position in Trinseo by 57.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock valued at $200,000 after acquiring an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.
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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