Trinseo S.A. (NYSE:TSE) Short Interest Update

Trinseo S.A. (NYSE:TSE) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 568,100 shares, a decline of 21.8% from the May 30th total of 726,100 shares. Based on an average trading volume of 315,600 shares, the short-interest ratio is presently 1.8 days. Approximately 1.4% of the shares of the stock are sold short.

In other news, insider Catherine C. Keenan sold 5,050 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $38.41, for a total value of $193,970.50. Following the sale, the insider now directly owns 15,901 shares in the company, valued at approximately $610,757.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Catherine C. Keenan sold 12,264 shares of the business’s 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 completion of the sale, the insider now owns 15,901 shares in the company, valued at $606,941.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,396 shares of company stock worth $754,861. 1.80% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of TSE. Meeder Asset Management Inc. boosted its position in Trinseo by 3.3% in the 1st quarter. Meeder Asset Management Inc. now owns 10,860 shares of the basic materials company’s stock valued at $493,000 after buying an additional 351 shares during the period. Bailard Inc. boosted its position in Trinseo by 1.0% in the 1st quarter. Bailard Inc. now owns 38,056 shares of the basic materials company’s stock valued at $1,724,000 after buying an additional 375 shares during the period. Comerica Bank boosted its position in Trinseo by 9.6% in the 1st quarter. Comerica Bank now owns 7,986 shares of the basic materials company’s stock valued at $375,000 after buying an additional 700 shares during the period. Nordea Investment Management AB boosted its position in Trinseo by 1.3% in the 1st quarter. Nordea Investment Management AB now owns 87,494 shares of the basic materials company’s stock valued at $3,963,000 after buying an additional 1,154 shares during the period. Finally, Globeflex Capital L P boosted its position in Trinseo by 2.1% in the 4th quarter. Globeflex Capital L P now owns 58,492 shares of the basic materials company’s stock valued at $2,678,000 after buying an additional 1,203 shares during the period. Institutional investors own 97.06% of the company’s stock.

Shares of Trinseo stock traded up $1.12 during trading hours on Friday, reaching $39.50. The company’s stock had a trading volume of 361,295 shares, compared to its average volume of 335,417. The business’s 50 day simple moving average is $39.81. Trinseo has a one year low of $36.65 and a one year 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 stock has a market cap of $1.57 billion, a PE ratio of 5.45, a P/E/G ratio of 0.53 and a beta of 2.09.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $1.01 billion for 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 firm’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.76 EPS. Research analysts anticipate that Trinseo will post 6.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.60 annualized dividend and a yield of 4.05%. Trinseo’s payout ratio is 22.07%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. ValuEngine downgraded shares of Welbilt from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. TheStreet downgraded shares of Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Finally, Deutsche Bank upgraded shares of MGM CHINA HOLDI/ADR to a “buy” rating in a report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.88.

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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