California State Teachers Retirement System cut its holdings in Trinseo S.A. (NYSE:TSE) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,117 shares of the basic materials company’s stock after selling 7,513 shares during the period. California State Teachers Retirement System owned about 0.16% of Trinseo worth $4,772,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of TSE. Schwab Charles Investment Management Inc. boosted its position in Trinseo by 6.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 281,340 shares of the basic materials company’s stock valued at $19,329,000 after buying an additional 16,097 shares during the period. Rhumbline Advisers boosted its position in Trinseo by 51.9% in the 2nd quarter. Rhumbline Advisers now owns 50,691 shares of the basic materials company’s stock valued at $3,482,000 after buying an additional 17,317 shares during the period. SG Americas Securities LLC boosted its position in Trinseo by 91.4% in the 2nd quarter. SG Americas Securities LLC now owns 3,280 shares of the basic materials company’s stock valued at $225,000 after buying an additional 1,566 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Trinseo by 30.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 205,426 shares of the basic materials company’s stock worth $14,114,000 after purchasing an additional 48,462 shares during the period. Finally, Legal & General Group Plc lifted its position in Trinseo by 27.5% during the second quarter. Legal & General Group Plc now owns 20,166 shares of the basic materials company’s stock valued at $1,385,000 after acquiring an additional 4,354 shares during the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.
Shares of Trinseo S.A. (NYSE:TSE) opened at $76.80 on Thursday. Trinseo S.A. has a twelve month low of $57.70 and a twelve month high of $78.50. The stock has a market cap of $3,340.00, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.18 and a beta of 2.32. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the company posted $1.70 earnings per share. analysts anticipate that Trinseo S.A. will post 7.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, January 8th. Trinseo’s payout ratio is 22.57%.
A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, November 9th. Barclays upped their price target on shares of Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 7th. Finally, Jefferies Group upped their price target on shares of Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Trinseo currently has a consensus rating of “Buy” and a consensus price target of $77.00.
In other Trinseo news, insider David Phillip Stasse sold 10,043 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the transaction, the insider now directly owns 28,684 shares of the company’s stock, valued at $2,041,440.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.
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Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
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