Trinseo (NYSE:TSE) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Trinseo (NYSE:TSE) from a buy rating to a sell rating in a research report released on Friday morning, Zacks.com reports.

According to Zacks, “TRINSEO PLC is a materials solutions provider and manufacturer of plastics and latex binders. It serves automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board and building and construction sector. TRINSEO PLC, formerly known as TRINSEO SA, is based in BERWYN, Pa. “

Shares of NYSE TSE opened at $57.20 on Friday. Trinseo has a fifty-two week low of $44.20 and a fifty-two week high of $76.49. The firm’s 50-day simple moving average is $53.23 and its 200 day simple moving average is $53.42. The company has a quick ratio of 1.38, a current ratio of 2.00 and a debt-to-equity ratio of 2.50. The stock has a market cap of $2.22 billion, a P/E ratio of 5.90 and a beta of 1.52.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Friday, November 5th. The basic materials company reported $2.01 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.24). Trinseo had a net margin of 8.52% and a return on equity of 56.55%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned $2.87 earnings per share. Trinseo’s revenue for the quarter was up 86.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Trinseo will post 8.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 20th. Investors of record on Thursday, January 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, January 5th. Trinseo’s payout ratio is currently 13.20%.

In related news, SVP Alice Heezen sold 13,544 shares of Trinseo stock in a transaction dated Friday, November 12th. The stock was sold at an average price of $57.77, for a total transaction of $782,436.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in TSE. IFP Advisors Inc increased its stake in Trinseo by 34.5% in the 4th quarter. IFP Advisors Inc now owns 1,188 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 305 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Trinseo during the 3rd quarter valued at about $82,000. Islay Capital Management LLC purchased a new position in Trinseo during the 3rd quarter valued at about $124,000. FORA Capital LLC grew its stake in Trinseo by 37.5% during the 2nd quarter. FORA Capital LLC now owns 2,266 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 618 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Trinseo by 25.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,624 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 531 shares in the last quarter. 90.33% of the stock is currently owned by hedge funds and other institutional investors.

About Trinseo

Trinseo Plc engages in the manufacture and sale of plastics and latex binders. It offers latex binders, synthetic rubber, engineered materials, base plastics, polystyrene, feedstocks, and American styrenics. The company is headquartered in Berwyn, PA.

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