Trinseo Target of Unusually Large Options Trading (TSE)

Trinseo S.A. (NYSE:TSE) saw some unusual options trading on Wednesday. Investors bought 1,503 put options on the stock. This is an increase of approximately 1,112% compared to the typical daily volume of 124 put options.

A number of equities analysts have recently issued reports on the company. Citigroup increased their price target on Trinseo from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. ValuEngine raised Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Barclays increased their price target on Trinseo from $78.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Wells Fargo reissued an “outperform” rating and set a $90.00 price target (up previously from $86.00) on shares of Trinseo in a research report on Wednesday, February 21st. Finally, Zacks Investment Research raised Trinseo from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Trinseo has a consensus rating of “Buy” and an average target price of $89.00.

In other news, SVP Marilyn N. Horner sold 33,124 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $80.25, for a total transaction of $2,658,201.00. Following the transaction, the senior vice president now owns 38,527 shares of the company’s stock, valued at approximately $3,091,791.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan J. Leib sold 2,974 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $80.68, for a total value of $239,942.32. Following the transaction, the insider now directly owns 7,340 shares in the company, valued at approximately $592,191.20. The disclosure for this sale can be found here. Insiders sold a total of 44,089 shares of company stock worth $3,554,204 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.



Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Trinseo by 44.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 756 shares in the last quarter. Trilogy Capital Inc. bought a new stake in Trinseo during the fourth quarter valued at about $224,000. Public Employees Retirement Association of Colorado bought a new stake in Trinseo during the fourth quarter valued at about $261,000. SG Americas Securities LLC boosted its position in Trinseo by 115.4% during the fourth quarter. SG Americas Securities LLC now owns 3,858 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Koch Industries Inc. boosted its position in Trinseo by 44.1% during the fourth quarter. Koch Industries Inc. now owns 4,649 shares of the basic materials company’s stock valued at $338,000 after purchasing an additional 1,423 shares in the last quarter. 98.64% of the stock is currently owned by institutional investors.

TSE opened at $75.60 on Friday. Trinseo has a 12-month low of $57.70 and a 12-month high of $85.35. The firm has a market cap of $3,263.35, a PE ratio of 9.30, a PEG ratio of 0.88 and a beta of 2.30. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.81 and a current ratio of 2.63.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Monday, February 19th. The basic materials company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.47. Trinseo had a return on equity of 62.52% and a net margin of 7.38%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities analysts expect that Trinseo will post 8.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 10th. Trinseo’s payout ratio is currently 17.71%.

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About Trinseo

Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’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.

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