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Trinseo S.A. (NYSE:TSE) Short Interest Down 18.0% in March

Monday, April 19, 2021 | MarketBeat

Trinseo S.A. (NYSE:TSE) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,000,000 shares, a decrease of 18.0% from the March 15th total of 1,220,000 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 435,600 shares, the short-interest ratio is currently 2.3 days.

In other news, CAO Bernard M. Skeete sold 2,674 shares of the stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $64.81, for a total value of $173,301.94. Also, major shareholder M&G Investment Management Ltd sold 3,000 shares of the business's stock in a transaction dated Wednesday, April 14th. The stock was sold at an average price of $65.43, for a total transaction of $196,290.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,844 shares of company stock valued at $5,364,097. Insiders own 2.20% of the company's stock.

Several institutional investors have recently added to or reduced their stakes in the business. Everence Capital Management Inc. purchased a new position in shares of Trinseo during the first quarter valued at approximately $618,000. Dimensional Fund Advisors LP increased its holdings in shares of Trinseo by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,460,364 shares of the basic materials company's stock valued at $74,787,000 after acquiring an additional 35,500 shares during the last quarter. Norges Bank bought a new position in Trinseo during the fourth quarter worth $23,147,000. UBS Asset Management Americas Inc. lifted its position in shares of Trinseo by 6.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 44,890 shares of the basic materials company's stock worth $2,299,000 after buying an additional 2,764 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Trinseo by 7.5% during the 4th quarter. Principal Financial Group Inc. now owns 398,241 shares of the basic materials company's stock valued at $20,394,000 after buying an additional 27,832 shares during the last quarter. 94.77% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on TSE shares. Citigroup increased their target price on Trinseo from $54.00 to $60.00 in a research note on Monday, February 8th. Zacks Investment Research lowered shares of Trinseo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 8th. Finally, Alembic Global Advisors lifted their target price on shares of Trinseo from $60.00 to $80.00 in a report on Monday, March 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Trinseo presently has a consensus rating of "Hold" and a consensus target price of $49.29.

NYSE TSE opened at $65.65 on Monday. The business has a 50 day moving average price of $66.92 and a 200 day moving average price of $50.24. The company has a market capitalization of $2.52 billion, a P/E ratio of -46.56 and a beta of 1.73. Trinseo has a 1-year low of $15.76 and a 1-year high of $76.49. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.98 and a quick ratio of 2.30.

Trinseo (NYSE:TSE) last posted its earnings results on Wednesday, February 3rd. The basic materials company reported $1.84 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.78 by $0.06. The firm had revenue of $860.20 million during the quarter, compared to the consensus estimate of $797.11 million. Trinseo had a negative net margin of 1.74% and a positive return on equity of 3.70%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. On average, research analysts expect that Trinseo will post 1.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, April 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. Trinseo's dividend payout ratio (DPR) is 10.22%.

About Trinseo

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in the United States, Europe, 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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