Trinseo S.A. (TSE) Insider Christopher D. Pappas Sells 25,000 Shares
Trinseo S.A. (NYSE:TSE) insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $68.50, for a total value of $1,712,500.00. Following the sale, the insider now directly owns 265,240 shares in the company, valued at approximately $18,168,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Trinseo S.A. (TSE) traded up 0.29% during midday trading on Wednesday, hitting $68.15. The stock had a trading volume of 547,814 shares. The company has a market cap of $2.98 billion, a PE 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’s 50 day moving average price is $65.20 and its 200-day moving average price is $66.44.
Trinseo (NYSE:TSE) last issued its quarterly earnings data 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 firm 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%. Trinseo’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.30 earnings per share. Equities research analysts predict that Trinseo S.A. will post $6.70 earnings per share for the current year.
Trinseo announced that its Board of Directors has authorized a stock buyback program on Thursday, June 22nd that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the basic materials company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
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A number of equities research analysts have recently weighed in on the company. Alembic Global Advisors reaffirmed a “buy” rating on shares of Trinseo in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $82.00 price target on shares of Trinseo in a report on Tuesday, August 29th. Citigroup Inc. lifted their price target on Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 12th. Barclays PLC cut their price target on Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Finally, ValuEngine cut Trinseo from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Trinseo presently has an average rating of “Buy” and an average target price of $75.80.
A number of institutional investors have recently modified their holdings of TSE. Acadian Asset Management LLC grew its stake in Trinseo by 1,708.1% during the first quarter. Acadian Asset Management LLC now owns 9,800 shares of the basic materials company’s stock worth $657,000 after buying an additional 9,258 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Trinseo during the first quarter worth about $402,000. Tocqueville Asset Management L.P. bought a new stake in Trinseo during the first quarter worth about $246,000. State Board of Administration of Florida Retirement System grew its stake in Trinseo by 3.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,270 shares of the basic materials company’s stock worth $1,696,000 after buying an additional 929 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Trinseo during the first quarter worth about $564,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.
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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