Trinseo S.A. (NYSE:TSE) Sees Large Drop in Short Interest

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Trinseo S.A. (NYSE:TSE) was the recipient of a significant decline in short interest in November. As of November 29th, there was short interest totalling 2,270,000 shares, a decline of 12.4% from the November 14th total of 2,590,000 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 458,800 shares, the days-to-cover ratio is presently 4.9 days.

TSE has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Trinseo from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Deutsche Bank upped their price target on shares of Trinseo from $38.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. ValuEngine downgraded shares of Trinseo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 14th. Citigroup downgraded shares of Trinseo from a “neutral” rating to a “sell” rating and upped their price target for the company from $32.00 to $35.00 in a research note on Wednesday, October 9th. Finally, Tudor Pickering downgraded shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Trinseo presently has a consensus rating of “Hold” and an average price target of $46.40.

Institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC grew its stake in Trinseo by 3.1% in the 2nd quarter. Aperio Group LLC now owns 13,515 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 411 shares during the period. Cerebellum GP LLC acquired a new stake in Trinseo in the 3rd quarter valued at $36,000. Versant Capital Management Inc acquired a new stake in Trinseo in the 3rd quarter valued at $25,000. Robeco Institutional Asset Management B.V. acquired a new stake in Trinseo in the 3rd quarter valued at $33,000. Finally, Comerica Bank grew its stake in Trinseo by 10.9% in the 2nd quarter. Comerica Bank now owns 8,856 shares of the basic materials company’s stock valued at $327,000 after acquiring an additional 870 shares during the period. 95.09% of the stock is currently owned by institutional investors.

Trinseo stock traded down $0.99 during mid-day trading on Friday, reaching $37.05. 407,414 shares of the company’s stock traded hands, compared to its average volume of 373,376. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.96 and a beta of 1.92. The stock has a 50 day moving average of $41.37 and a two-hundred day moving average of $39.22. The company has a quick ratio of 2.06, a current ratio of 2.89 and a debt-to-equity ratio of 1.70. Trinseo has a 12-month low of $27.36 and a 12-month high of $52.34.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). The business had revenue of $922.10 million for the quarter, compared to analysts’ expectations of $1.02 billion. Trinseo had a net margin of 2.16% and a return on equity of 16.55%. Trinseo’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 EPS. As a group, sell-side analysts forecast that Trinseo will post 3.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Wednesday, January 8th. Trinseo’s payout ratio is 22.07%.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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