Catherine C. Keenan Sells 12,264 Shares of Trinseo S.A. (NYSE:TSE) Stock

Trinseo S.A. (NYSE:TSE) insider Catherine C. Keenan sold 12,264 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.17, for a total transaction of $468,116.88. Following the sale, the insider now owns 15,901 shares in the company, valued at $606,941.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of TSE stock traded up $0.35 during trading hours on Friday, hitting $42.34. 1,269,600 shares of the company were exchanged, compared to its average volume of 332,962. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 0.53 and a beta of 2.09. Trinseo S.A. has a fifty-two week low of $36.65 and a fifty-two week high of $82.18. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.05 and a current ratio of 2.81. The company’s 50 day simple moving average is $40.12.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.09 billion. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.76 EPS. On average, analysts anticipate that Trinseo S.A. will post 6.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, July 10th. Trinseo’s payout ratio is currently 22.07%.

TSE has been the subject of a number of research reports. Zacks Investment Research cut shares of Trinseo from a “hold” rating to a “strong sell” rating in a report on Saturday, April 6th. ValuEngine raised shares of Trinseo from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. TheStreet lowered shares of Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Finally, Deutsche Bank dropped their price objective on shares of Trinseo from $58.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSE. Pearl River Capital LLC acquired a new stake in Trinseo in the 4th quarter valued at $52,000. Ramsey Quantitative Systems acquired a new stake in Trinseo in the 4th quarter valued at $162,000. First Mercantile Trust Co. grew its position in Trinseo by 11.8% in the 4th quarter. First Mercantile Trust Co. now owns 3,800 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC grew its position in Trinseo by 1,777.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 4,225 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 4,000 shares during the period. Finally, First Midwest Bank Trust Division purchased a new position in Trinseo during the 1st quarter worth $249,000. 97.06% of the stock is owned by institutional investors and hedge funds.

About Trinseo

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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