BidaskClub Lowers Trinseo S.A. (TSE) to Sell

BidaskClub downgraded shares of Trinseo S.A. (NYSE:TSE) from a hold rating to a sell rating in a research note published on Monday, July 31st.

Other analysts have also recently issued reports about the company. Citigroup Inc. upped their target price on Trinseo from $67.00 to $70.00 and gave the company a neutral rating in a report on Wednesday, July 12th. Zacks Investment Research cut Trinseo from a strong-buy rating to a hold rating in a report on Wednesday, April 19th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $82.00 target price on shares of Trinseo in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Trinseo currently has a consensus rating of Hold and an average target price of $75.80.

Shares of Trinseo (TSE) opened at 59.35 on Monday. The company’s 50 day moving average is $67.61 and its 200-day moving average is $67.04. The firm has a market cap of $2.60 billion, a PE ratio of 8.41 and a beta of 2.38. Trinseo has a 12 month low of $44.70 and a 12 month high of $72.60.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by $0.41. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $2.30 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Equities research analysts predict that Trinseo will post $6.79 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Trinseo’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, July 7th. Trinseo’s dividend payout ratio is presently 20.34%.

Trinseo declared that its board has initiated a share repurchase program on Thursday, June 22nd that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other Trinseo news, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the transaction, the insider now directly owns 265,240 shares in the company, valued at approximately $18,842,649.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $67.24, for a total value of $1,344,800.00. Following the completion of the transaction, the insider now owns 260,240 shares in the company, valued at $17,498,537.60. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock worth $6,138,050 over the last 90 days. Company insiders own 0.65% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Trinseo by 35.5% in the second quarter. BlackRock Inc. now owns 2,917,369 shares of the basic materials company’s stock worth $200,423,000 after buying an additional 764,901 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Trinseo by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,267,174 shares of the basic materials company’s stock worth $155,754,000 after buying an additional 65,208 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Trinseo by 19.2% in the first quarter. Renaissance Technologies LLC now owns 1,956,900 shares of the basic materials company’s stock worth $131,308,000 after buying an additional 315,500 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Trinseo by 6.0% in the second quarter. Alliancebernstein L.P. now owns 1,849,959 shares of the basic materials company’s stock worth $127,092,000 after buying an additional 103,912 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Trinseo by 24.9% in the second quarter. LSV Asset Management now owns 1,476,620 shares of the basic materials company’s stock worth $101,443,000 after buying an additional 294,600 shares in the last quarter.

About Trinseo

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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