The SVP-Corporate Development and Business Services of Trinseo (NYSE: TSE) is Selling Shares

By Carrie Williams

Today, the SVP-Corporate Development and Business Services of Trinseo (NYSE: TSE), Jeffery Denton, sold shares of TSE for $286.5K.

Following Jeffery Denton’s last TSE Sell transaction on March 07, 2017, the stock climbed by 13.2%. In addition to Jeffery Denton, 4 other TSE executives reported Sell trades in the last month.

Based on Trinseo’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.1 billion and quarterly net profit of $118 million. In comparison, last year the company earned revenue of $917 million and had a net profit of $78.51 million. The company has a one-year high of $85.35 and a one-year low of $57.70. TSE’s market cap is $3.56B and the company has a P/E ratio of 10.96.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $91.20, reflecting a -12.2% downside.

In the last 30 days, insiders have sold $3.84M worth of TSE shares and purchased $83.8K worth of TSE shares. The insider sentiment on Trinseo has been neutral according to 49 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Jeffery Denton’s trades have generated a 20.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Trinseo SA engages in the manufacture and marketing of plastics, latex binders, and synthetic rubber. It operates through the Performance Materials and Basic Plastics & Feedstocks divisions. The Performance Materials division includes latex, synthetic rubber, and performance plastics segments.