Trinseo S.A. (NYSE:TSE) SVP Marilyn N. Horner sold 33,124 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $80.25, for a total value of $2,658,201.00. Following the completion of the transaction, the senior vice president now directly owns 38,527 shares in the company, valued at $3,091,791.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Trinseo S.A. (TSE) opened at $81.35 on Friday. The stock has a market capitalization of $3,510.00, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.94 and a beta of 2.27. The company has a quick ratio of 1.78, a current ratio of 2.63 and a debt-to-equity ratio of 1.73. Trinseo S.A. has a fifty-two week low of $57.70 and a fifty-two week high of $85.35.
Trinseo (NYSE:TSE) last released its earnings results on Monday, February 19th. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.47. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Trinseo had a return on equity of 62.52% and a net margin of 7.38%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. equities research analysts forecast that Trinseo S.A. will post 8.53 earnings per share for the current fiscal year.
TSE has been the topic of a number of recent analyst reports. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research note on Monday, December 11th. Deutsche Bank raised their price objective on Trinseo to $92.00 and gave the company a “buy” rating in a research note on Monday, January 15th. Zacks Investment Research raised Trinseo from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Thursday, January 25th. ValuEngine raised Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Barclays raised their price objective on Trinseo from $78.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $90.17.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in Trinseo in the 3rd quarter valued at approximately $161,000. Cubist Systematic Strategies LLC grew its holdings in Trinseo by 815.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,990 shares of the basic materials company’s stock valued at $1,006,000 after buying an additional 13,352 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in Trinseo by 83.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 12,916 shares of the basic materials company’s stock valued at $867,000 after buying an additional 5,865 shares during the last quarter. Bowling Portfolio Management LLC grew its holdings in Trinseo by 39.1% in the 4th quarter. Bowling Portfolio Management LLC now owns 32,254 shares of the basic materials company’s stock valued at $2,342,000 after buying an additional 9,066 shares during the last quarter. Finally, Comerica Bank acquired a new stake in Trinseo in the 4th quarter valued at approximately $1,129,000. 96.73% of the stock is currently owned by hedge funds and other institutional investors.
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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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