Traders are a little more bearish on the company as evidenced by the uptick in short interest. The firm experienced a rise in short interest of 9.70% between August 15, 2017 and August 31, 2017. Short shares grew 158,720 over that timeframe. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares is 0.04% as of August 31.
Trinseo S.A. Ordinary Shares (NYSE:TSE) has been the object of insider selling activity recently. Jeffrey J. Cote, Director disclosed the sale of 5,000 shares. The shares were sold on August 30th for an average price of $65.03. Cote now owns $730,222 of the stock according to the SEC filing. See Remarks Christopher D. Pappas disclosed the sale of 25,000 shares of (TSE). The shares were purchased at an average price of $69.86. The See Remarks now owns $16,783,166 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (TSE). Rockshelter Capital Management LLC augmented its position by buying 85 shares an increase of 0.1% from 03/31/2017 to 06/30/2017. Rockshelter Capital Management LLC controls 153,236 shares worth $10,527,000. The value of the position overall is up by 2.4%. Sensato Investors LLC expanded its investment by buying 46,800 shares an increase of 47.7%. Sensato Investors LLC now controls 144,900 shares valued at $9,955,000. The total value of its holdings increased 51.2%.
Chartwell Investment Partners, LLC grew its ownership by buying 3,509 shares an increase of 7.5% as of 06/30/2017. Chartwell Investment Partners, LLC currently owns 50,073 shares with a value of $3,440,000. The total value of its holdings increased 10.1%. Vident Investment Advisory, LLC bolstered its holdings by buying 4,874 shares an increase of 13.1% in the quarter. Vident Investment Advisory, LLC owns 42,054 shares with a value of $2,889,000. The value of the position overall is up by 15.8%.
On August 7 Citigroup held the company rating at “Neutral” and moved down the price target to $68.00 from $70.00. August 4 investment analysts at Barclays left the stock rating at “Equal-Weight” and raised the price expectation from $25.00 to $73.00.
July 12 investment analysts at Citigroup held the stock rating at “Neutral” but raised the price expectation from $53.00 to $70.00.
In the market the company is trading down from yesterday’s close of 68.05. Trinseo S.A. Ordinary Shares declared a dividend for shareholders which was paid on Tuesday July 25th, 2017. The dividend was $0.360 per share for the quarter which comes to $1.44 on an annualized basis. The dividend yield was $2.12. The ex-dividend date was Friday the 7th of July 2017.
Shares last traded at $67.15 a tad above the 50 day moving average which is $64.57 and just a bit higher than the 200 day moving average of $66.25. The 50 day moving average went up $2.58 or +3.99% whereas the 200 day moving average was up $0.90 or +1.36%.
The company currently has a P/E ratio of 9.51 and market capitalization is 2.94B. In the last earnings report the EPS was $7.06 and is estimated to be $6.63 for the current year with 43,772,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $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..