A number of other research analysts have also weighed in on TSE. Jefferies Group reaffirmed a buy rating and issued a $82.00 price target on shares of Trinseo in a research note on Friday, October 6th. Zacks Investment Research raised shares of Trinseo from a hold rating to a buy rating and set a $77.00 price target on the stock in a research note on Wednesday, October 11th. Barclays lifted their price target on shares of Trinseo from $73.00 to $78.00 and gave the company an equal weight rating in a research note on Tuesday, November 7th. Alembic Global Advisors reaffirmed a buy rating on shares of Trinseo in a research note on Monday, December 11th. Finally, ValuEngine raised shares of Trinseo from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Three 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 company. Trinseo has an average rating of Buy and a consensus price target of $81.17.
Trinseo (TSE) traded up $0.10 during trading on Monday, reaching $77.25. 325,400 shares of the company traded hands, compared to its average volume of 292,775. Trinseo has a twelve month low of $57.70 and a twelve month high of $80.25. The company has a market cap of $3,371.82, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.17 and a beta of 2.33. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Trinseo’s dividend payout ratio (DPR) is presently 22.54%.
In other news, insider David Phillip Stasse sold 10,043 shares of Trinseo stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total value of $714,760.31. Following the sale, the insider now directly owns 28,684 shares in the company, valued at $2,041,440.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Balyasny Asset Management LLC raised its holdings in shares of Trinseo by 0.4% in the second quarter. Balyasny Asset Management LLC now owns 9,700 shares of the basic materials company’s stock valued at $666,000 after purchasing an additional 40 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Trinseo by 10.7% in the second quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 260 shares during the last quarter. National Asset Management Inc. raised its holdings in shares of Trinseo by 9.1% in the second quarter. National Asset Management Inc. now owns 3,857 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 323 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Trinseo by 14.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,203 shares of the basic materials company’s stock worth $219,000 after buying an additional 403 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Trinseo by 22.7% during the second quarter. ProShare Advisors LLC now owns 3,989 shares of the basic materials company’s stock worth $274,000 after buying an additional 739 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.
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Trinseo Company Profile
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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