There has been some selling insider activity on Trinseo S.A. Ordinary Shares (NYSE:TSE) recently. Yesterday Director Michel Plantevin disclosed the sale of 10,669,567 shares of TSE stock. The shares were purchased at an average price of $54.05. Plantevin now owns $0 of the stock according to the SEC filing. Director Ruth Springham sold 10,669,567 shares at an average price of $54.05 on September 23rd. Springham now owns $0 of stock as reported to the SEC.
Stephen F. Thomas, Director reported the sale of 10,669,567 shares of (TSE). The shares were sold on September 23rd for an average price of $54.05. The Director now owns $0 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in TSE. Royal Bank Of Canada expanded its stake by buying 206 shares an increase of 438.3% as of 06/30/2016. Royal Bank Of Canada controls 253 shares worth $11,000. The total value of its holdings increased 1,000.0%. As of the end of the quarter Howe & Rusling Inc had acquired a total of 12 shares growing its stake by 13.8%. The value of the investment in TSE went from $3,000 to $4,000 a change of $1,000 since the last quarter.
As of quarter end Schwab Charles Investment Management Inc had bought 109,482 shares growing its position 54.2%. The value of the investment in Trinseo S.A. Ordinary Shares increased from $5,693,000 to $13,366,000 a change of 134.8% quarter over quarter. As of the end of the quarter Numeric Investors LLC had bought 289,900 shares growing its holdings by 594.1%. The value of the company’s investment in Trinseo S.A. Ordinary Shares increased from $1,796,000 to $14,540,000 increasing 709.6% quarter to quarter.
On July 15 Citigroup maintained a company rating of “Neutral” but raised the price target from $45.00 to $53.00. April 18 investment analysts at Citigroup left the stock rating at “Neutral” but moved up the price target to $45.00 from $36.00.
On July 8 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $29.00 was set in a report from Goldman Sachs. Equity analyst Goldman Sachs both downgraded the stock and lowered the price target on July 8 cutting the price target from $34.00 to $29.00 and setting the rating at “Neutral” which had previously been “Buy”.
May 11 investment analysts at Barclays made no change to the stock rating of “Equal-weight” and raised the price target to $25.00 from $21.00. On May 7 Citigroup left the company rating at “Neutral” and raised the price expectation to $26.00 from $24.00.
The company is so far trading up by 3.14 percent from yesterday’s close. The company recently announced a dividend for shareholders that was paid on Wednesday the 20th of July 2016. The dividend payment was $0.300 per share for the quarter which comes to $1.20 on an annualized basis. This dividend amount represented a yeild of $2.17. The ex-dividend date was set for Friday the 1st of July 2016.
Company chares are trading at $56.80 a bit higher than the 50 day moving average of $55.49 and marginally over the 200 day moving average of $46.96. The 50 day moving average was up $1.31 or +2.36% whereas the 200 day average was up by +20.96%.
Trinseo S.A. Ordinary Shares currently has a P/E ratio of 10.36 and market capitalization is 2.64B. In the last earnings report the EPS was $5.48 and is projected to be $7.13 for the current year with 46,406,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.53 with next year’s EPS anticipated to be $7.32.