Bowling Portfolio Management LLC raised its stake in shares of Trinseo S.A. (NYSE:TSE) by 39.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,254 shares of the basic materials company’s stock after buying an additional 9,066 shares during the quarter. Bowling Portfolio Management LLC owned about 0.07% of Trinseo worth $2,342,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc lifted its position in Trinseo by 27.5% in the 2nd quarter. Legal & General Group Plc now owns 20,166 shares of the basic materials company’s stock worth $1,385,000 after buying an additional 4,354 shares during the last quarter. Schroder Investment Management Group bought a new stake in Trinseo in the 2nd quarter worth approximately $964,000. Wells Fargo & Company MN lifted its position in Trinseo by 22.5% in the 2nd quarter. Wells Fargo & Company MN now owns 267,297 shares of the basic materials company’s stock worth $18,363,000 after buying an additional 49,007 shares during the last quarter. Teachers Advisors LLC lifted its position in Trinseo by 51.4% in the 2nd quarter. Teachers Advisors LLC now owns 98,150 shares of the basic materials company’s stock worth $6,743,000 after buying an additional 33,318 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Trinseo by 10.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 215,576 shares of the basic materials company’s stock worth $14,810,000 after buying an additional 20,124 shares during the last quarter.
Shares of Trinseo S.A. (NYSE:TSE) traded up $2.50 during mid-day trading on Wednesday, reaching $80.20. The company’s stock had a trading volume of 260,039 shares, compared to its average volume of 334,374. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05. Trinseo S.A. has a 12-month low of $57.70 and a 12-month high of $85.35. The company has a market capitalization of $3,510.00, a P/E ratio of 12.57, a P/E/G ratio of 0.91 and a beta of 2.31.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.44 annualized dividend and a yield of 1.80%. Trinseo’s payout ratio is currently 22.57%.
A number of research firms recently weighed in on TSE. Zacks Investment Research downgraded Trinseo from a “buy” rating to a “hold” rating and set a $87.00 target price for the company. in a research report on Saturday. Barclays boosted their target price on Trinseo from $78.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Jefferies Group boosted their target price on Trinseo to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Co reiterated an “outperform” rating and issued a $84.00 price objective (up previously from $79.00) on shares of Trinseo in a research report on Wednesday, January 17th. Finally, Deutsche Bank boosted their price objective on Trinseo to $92.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Trinseo currently has an average rating of “Buy” and a consensus price target of $85.50.
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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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