Fuller & Thaler Asset Management Inc. bought a new stake in shares of Trinseo S.A. (NYSE:TSE) during the third quarter, Holdings Channel reports. The institutional investor bought 3,700 shares of the company’s stock, valued at approximately $209,000.
Several other hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can purchased a new stake in shares of Trinseo during the second quarter valued at $5,291,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Trinseo during the second quarter valued at $258,000. Newgate Capital Management LLC increased its stake in shares of Trinseo by 3.7% in the second quarter. Newgate Capital Management LLC now owns 14,356 shares of the company’s stock valued at $612,000 after buying an additional 515 shares during the last quarter. Towle & Co. increased its stake in shares of Trinseo by 0.5% in the second quarter. Towle & Co. now owns 712,152 shares of the company’s stock valued at $30,573,000 after buying an additional 3,530 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Trinseo by 31.5% in the second quarter. Neuberger Berman Group LLC now owns 19,405 shares of the company’s stock valued at $833,000 after buying an additional 4,650 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of Trinseo S.A. (NYSE:TSE) remained flat at $69.25 during trading on Wednesday. The stock had a trading volume of 380,865 shares. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 11.82 and a beta of 2.47. The stock has a 50 day moving average of $63.39 and a 200-day moving average of $57.05. Trinseo S.A. has a one year low of $22.89 and a one year high of $69.60.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Wednesday, January 11th were given a $0.30 dividend. The ex-dividend date was Monday, January 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.73%. Trinseo’s dividend payout ratio is presently 20.44%.
TSE has been the topic of several analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Trinseo in a research note on Wednesday, November 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price objective on shares of Trinseo in a research note on Thursday, November 3rd. Zacks Investment Research cut shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 5th. Finally, Barclays PLC reiterated a “hold” rating and issued a $55.00 price objective on shares of Trinseo in a research note on Monday, November 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.00.
In related news, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $62.84, for a total value of $1,256,800.00. Following the completion of the transaction, the insider now owns 237,545 shares in the company, valued at approximately $14,927,327.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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