Trinseo SA (NYSE:TSE) declared a quarterly dividend on Wednesday, September 28th. Shareholders of record on Wednesday, October 12th will be paid a dividend of 0.30 per share on Wednesday, October 26th. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, October 7th.
Trinseo SA (NYSE:TSE) opened at 54.70 on Thursday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 9.98 and a beta of 2.45. Trinseo SA has a one year low of $21.92 and a one year high of $60.02. The firm has a 50-day moving average price of $56.17 and a 200-day moving average price of $47.90.
Trinseo SA (NYSE:TSE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.65. Trinseo SA had a return on equity of 73.14% and a net margin of 7.07%. During the same period in the previous year, the company earned $1.61 earnings per share. On average, equities analysts predict that Trinseo SA will post $7.15 earnings per share for the current year.
In related news, Director Ruth Springham sold 10,669,567 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $54.05, for a total transaction of $576,690,096.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.45% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSE. KCG Holdings Inc. acquired a new position in shares of Trinseo SA during the second quarter worth $222,000. Quadrature Capital Ltd acquired a new position in shares of Trinseo SA during the second quarter worth $429,000. BlackRock Inc. raised its position in shares of Trinseo SA by 845.4% in the second quarter. BlackRock Inc. now owns 12,706 shares of the company’s stock worth $545,000 after buying an additional 11,362 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Trinseo SA during the second quarter worth $657,000. Finally, American International Group Inc. raised its position in shares of Trinseo SA by 146.6% in the second quarter. American International Group Inc. now owns 16,549 shares of the company’s stock worth $710,000 after buying an additional 9,838 shares in the last quarter.
A number of research analysts have recently issued reports on the company. Citigroup Inc. boosted their target price on Trinseo SA from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Deutsche Bank AG boosted their target price on Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley reissued a “hold” rating and issued a $48.00 target price on shares of Trinseo SA in a report on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.57.
Trinseo SA Company Profile
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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