Shares last traded at $68.05 a tad above the 50 day moving average of $64.57 and which is just over the 200 day moving average of $66.25. The 50 day moving average was up $3.48 whereas the 200 day average was up by +2.72%. 371K shares changed hands on Wednesday. Shares saw a steep decrease in trading volume of 61.24% under the normal average daily volume.
Investors are a little more bearish on Trinseo S.A. Ordinary Shares of late if you take into consideration the rise in short interest. The firm recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 9.70%. Short shares grew 158,720 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.04% as of August 31.
Here is a rundown on some insider market activity for Trinseo S.A. Ordinary Shares (NYSE:TSE). Jeffrey J. Cote, Director reported the sale of 5,000 shares of TSE stock. The shares were purchased at an average price of $65.03. The Director now owns $730,222 of the stock per the Form 4 SEC filing. See Remarks Christopher D. Pappas sold 25,000 shares at an average price of $69.86 on Wed the 5th. The See Remarks now owns $16,783,166 of the stock per an SEC filing yesterday.
These funds have shifted positions in (TSE). As of the end of the quarter Rockshelter Capital Management LLC had bought 85 shares growing its holdings by 0.1%. The value of the total investment in Trinseo S.A. Ordinary Shares went from $10,276,000 to $10,527,000 increasing 2.4% since the last quarter. As of quarter end Sensato Investors LLC had acquired a total of 46,800 shares growing its position 47.7%. The value of the investment in TSE increased from $6,583,000 to $9,955,000 a change of $3,372,000 quarter over quarter.
As of quarter end Chartwell Investment Partners, LLC had bought a total of 3,509 shares growing its stake by 7.5%. The value in dollars went from $3,124,000 to $3,440,000 a change of 10.1% for the reporting period. Vident Investment Advisory, LLC bolstered its holdings by buying 4,874 shares an increase of 13.1% as of 06/30/2017. Vident Investment Advisory, LLC now controls 42,054 shares worth $2,889,000. The value of the position overall is up by 15.8%.
On August 7 Citigroup maintained a stock rating of “Neutral” and moved down the price target from $70.00 to $68.00. August 4 investment analysts at Barclays made no change to the company rating of “Equal-Weight” but moved up the price target to $73.00 from $25.00.
July 12 investment analysts at Citigroup kept the stock rating at “Neutral” and raised the price expectation from $53.00 to $70.00.
The company is now unchanged since yesterday’s close of 68.05. Trinseo S.A. Ordinary Shares declared a dividend for shareholders paid on Tuesday the 25th of July 2017. The dividend payment was $0.360 per share for the quarter or $1.44 annualized. This dividend represents a yield of $2.12 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 7th of July 2017.
The most current P/E ratio is 9.64 and market capitalization is 2.98B. As of the last earnings report the EPS was $7.06 and is projected to be $6.63 for the current year with 43,772,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.56 with next year’s EPS projected to be $8.14.
Trinseo S.A., launched on June 14, 2010, is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics, including various specialty and technologically differentiated products. The Business’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, primarily for coated paper and packaging board, carpet and artificial turf backings, as well as a various performance latex binders applications, such as adhesive, building and construction and the technical textile paper market. The Synthetic Rubber segment produces synthetic rubber products used in tires, impact modifiers and technical rubber products, such as conveyer belts, hoses, seals and gaskets. The Performance Plastics segment produces compounds and blends and specialized acrylonitrile-butadiene-styrene (ABS) grades for automotive end markets, as well as consumer electronics, medical, electrical and lighting (collectively, consumer essential markets (CEM)). The Basic Plastics segment produces styrenic polymers, including polystyrene, basic ABS, and styrene-acrylonitrile (SAN) products, as well as polycarbonate (PC), all of which are used as inputs in a range of end use markets. The Basic Plastics segment includes polystyrene, copolymers and polycarbonate. The Feedstocks segment includes the Business’s production and procurement of styrene monomer outside of North America, which is used as a raw material in various of its products, including polystyrene, SB latex, ABS resins and solution styrene-butadiene rubber (SSBR). The Americas Styrenics segment consists of the operations of its joint venture, Americas Styrenics LLC (Americas Styrenics), a producer of both styrene monomer and polystyrene in North America..