BlackRock Institutional Trust Company N.A. increased its position in shares of Trinseo SA (NYSE:TSE) by 38.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,142,405 shares of the company’s stock after buying an additional 316,892 shares during the period. BlackRock Institutional Trust Company N.A. owned about 2.56% of Trinseo SA worth $64,614,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in Trinseo SA by 155.2% in the second quarter. Acadian Asset Management LLC now owns 6,824 shares of the company’s stock valued at $292,000 after buying an additional 4,150 shares in the last quarter. Parkwood LLC acquired a new stake in Trinseo SA during the second quarter valued at approximately $237,000. Bank of Montreal Can acquired a new stake in Trinseo SA during the second quarter valued at approximately $5,291,000. ClariVest Asset Management LLC increased its stake in Trinseo SA by 16.8% in the second quarter. ClariVest Asset Management LLC now owns 165,007 shares of the company’s stock valued at $7,084,000 after buying an additional 23,742 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Trinseo SA by 47.4% in the second quarter. Hood River Capital Management LLC now owns 342,935 shares of the company’s stock valued at $14,722,000 after buying an additional 110,208 shares in the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trinseo SA (NYSE:TSE) opened at 63.80 on Thursday. The company has a market capitalization of $2.85 billion, a P/E ratio of 10.89 and a beta of 2.46. Trinseo SA has a 12-month low of $22.11 and a 12-month high of $64.30. The company’s 50 day moving average is $60.48 and its 200 day moving average is $55.18.
Trinseo SA (NYSE:TSE) last announced its earnings results on Wednesday, November 2nd. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.68 by $0.02. The firm had revenue of $935 million for the quarter, compared to the consensus estimate of $988.75 million. Trinseo SA had a net margin of 7.65% and a return on equity of 76.25%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. Analysts expect that Trinseo SA will post $6.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, January 9th. This represents a $1.20 annualized dividend and a yield of 1.88%. Trinseo SA’s dividend payout ratio (DPR) is currently 20.44%.
Several research firms have commented on TSE. Zacks Investment Research raised shares of Trinseo SA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 5th. Jefferies Group reissued a “buy” rating and issued a $65.00 target price on shares of Trinseo SA in a research report on Thursday, November 3rd. Barclays PLC reissued a “hold” rating and issued a $55.00 target price on shares of Trinseo SA in a research report on Monday, November 14th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Trinseo SA in a research report on Wednesday, November 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $52.00.
In other news, insider Christopher D. Pappas sold 20,000 shares of Trinseo SA stock in a transaction that occurred on 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 sale, the insider now directly owns 237,545 shares in the company, valued at $14,927,327.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.
Trinseo SA Company Profile
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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