StockNews.com Begins Coverage on Trinseo (NYSE:TSE)

StockNews.com assumed coverage on shares of Trinseo (NYSE:TSE – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Separately, Citigroup reduced their target price on Trinseo from $29.00 to $28.00 and set a neutral rating for the company in a report on Monday, February 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trinseo currently has an average rating of Hold and an average price target of $22.80.

Trinseo Trading Down 4.8 %

Shares of NYSE TSE opened at $19.07 on Thursday. Trinseo has a 12 month low of $17.54 and a 12 month high of $53.93. The company has a market cap of $667.07 million, a price-to-earnings ratio of -1.54 and a beta of 1.52. The company has a quick ratio of 1.21, a current ratio of 2.02 and a debt-to-equity ratio of 5.48. The business has a fifty day simple moving average of $25.33 and a 200-day simple moving average of $23.58.

Trinseo (NYSE:TSE – Get Rating) last announced its earnings results on Wednesday, February 8th. The basic materials company reported ($1.72) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.11). Trinseo had a negative net margin of 8.68% and a negative return on equity of 2.28%. The company had revenue of $975.20 million for the quarter, compared to analysts’ expectations of $946.76 million. Sell-side analysts predict that Trinseo will post 0.3 EPS for the current year.

Trinseo Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Thursday, April 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Wednesday, April 5th. Trinseo’s dividend payout ratio (DPR) is presently -10.32%.

Institutional Investors Weigh In On Trinseo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG raised its stake in shares of Trinseo by 1.8% during the 4th quarter. Deutsche Bank AG now owns 21,660 shares of the basic materials company’s stock worth $492,000 after purchasing an additional 384 shares in the last quarter. EMC Capital Management raised its stake in shares of Trinseo by 16.4% during the 4th quarter. EMC Capital Management now owns 3,146 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 443 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Trinseo by 3.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,875 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 473 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Trinseo by 3.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,151 shares of the basic materials company’s stock worth $621,000 after purchasing an additional 510 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Trinseo by 3.2% during the 2nd quarter. First Republic Investment Management Inc. now owns 18,138 shares of the basic materials company’s stock worth $698,000 after purchasing an additional 567 shares in the last quarter. 90.42% of the stock is owned by hedge funds and other institutional investors.

About Trinseo

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Trinseo Plc engages in the manufacture and sale of plastics and latex binders. It operates through the following segments: Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics. The Engineered Materials segment produces rigid thermoplastic compounds and blends products, soft thermoplastic products, and cast and sheet products.