Here is the rundown on market activity for Trinseo S.A. Ordinary Shares (NYSE:TSE). Michel Plantevin, Director disclosed the sale of 10,669,567 shares of (TSE). The shares were sold on September 23rd for an average price of $54.05. Plantevin now owns $0 of the stock according to the SEC filing. Ruth Springham, Director reported the sale of 10,669,567 shares. The shares were purchased at an average price of $54.05. The Director now owns $0 of the stock per the Form 4 SEC filing.
Yesterday Director Stephen F. Thomas disclosed the sale of 10,669,567 shares of TSE stock. The shares were purchased at an average price of $54.05. The Director now owns $0 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. Royal Bank Of Canada augmented its stake by buying 206 shares an increase of 438.3% as of 06/30/2016. Royal Bank Of Canada now controls 253 shares with a value of $11,000. The value of the position overall is up by 1,000.0%. Howe & Rusling Inc expanded its investment by buying 12 shares an increase of 13.8% from 03/31/2016 to 06/30/2016. Howe & Rusling Inc currently owns 99 shares valued at $4,000. The total value of its holdings increased 33.3%.
As of quarter end Schwab Charles Investment Management Inc had acquired a total of 109,482 shares growing its position 54.2%. The value of the investment in (TSE) went from $5,693,000 to $13,366,000 a change of 134.8% quarter to quarter. As of the end of the quarter Numeric Investors LLC had bought 289,900 shares growing its holdings by 594.1%. The value in dollars increased from $1,796,000 to $14,540,000 a change of $12,744,000 for the reporting period.
July 15 investment analysts at Citigroup made no change to the company rating of “Neutral” and raised the price expectation to $53.00 from $45.00. On April 18 Citigroup held the company rating at “Neutral” but raised the price target from $36.00 to $45.00.
Goldman Sachs both downgraded the stock and lowered the price target on July 8 changing the price target from $34.00 to $29.00 and altering the rating from “Buy” to “Neutral”. On July 8 the stock rating was downgraded to “Neutral” from “Buy” and a price target of $29.00 was set by analysts at Goldman Sachs.
On May 11 Barclays maintained a stock rating of “Equal-weight” and raised the price target to $25.00 from $21.00. May 7 investment analysts at Deutsche Bank held the stock rating at “Buy” but moved up the price target from $28.00 to $30.00.
The company is so far trading up since yesterday’s close of $55.04. Trinseo S.A. Ordinary Shares also announced a dividend for shareholders which was paid on Wednesday the 20th of July 2016. The dividend was $0.300 per share for the quarter which comes to $1.20 on an annualized basis. This dividend represents a yield of $2.17. The ex-dividend date was set for Friday the 1st of July 2016.
It is currently trading at $56.80 which is a tad above $55.49, the 50 day moving average and a bit higher than the 200 day moving average of $46.96. The 50 day moving average was up $1.31 or +2.36% and the 200 day average went up $9.84 or +20.96%.
The company 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 outstanding. Analysts expect next quarter’s EPS will be $1.53 with next year’s EPS anticipated to be $7.32.