Rhumbline Advisers lowered its position in Trinseo S.A. (NYSE:TSE) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,228 shares of the basic materials company’s stock after selling 7,857 shares during the quarter. Rhumbline Advisers owned 0.10% of Trinseo worth $3,211,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in TSE. Canada Pension Plan Investment Board purchased a new position in shares of Trinseo in the third quarter valued at $161,000. Royal Bank of Canada increased its position in shares of Trinseo by 47.7% in the second quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after buying an additional 843 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Trinseo by 44.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock valued at $179,000 after buying an additional 756 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Trinseo by 85.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock valued at $189,000 after buying an additional 1,430 shares in the last quarter. Finally, Trilogy Capital Inc. purchased a new position in shares of Trinseo in the fourth quarter valued at $224,000. Institutional investors and hedge funds own 98.64% of the company’s stock.
Shares of TSE traded down $2.35 during trading hours on Friday, reaching $71.85. 218,296 shares of the company traded hands, compared to its average volume of 410,804. The company has a quick ratio of 1.81, a current ratio of 2.63 and a debt-to-equity ratio of 1.73. The firm has a market cap of $3,211.41, a P/E ratio of 8.84, a PEG ratio of 0.87 and a beta of 2.30. Trinseo S.A. has a fifty-two week low of $57.70 and a fifty-two week high of $85.35.
Trinseo (NYSE:TSE) last posted its quarterly earnings data on Monday, February 19th. The basic materials company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.47. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Trinseo had a return on equity of 62.52% and a net margin of 7.38%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 earnings per share. equities analysts expect that Trinseo S.A. will post 8.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, April 10th. Trinseo’s payout ratio is currently 17.71%.
In other Trinseo news, insider Angelo N. Chaclas sold 7,991 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $82.10, for a total value of $656,061.10. Following the sale, the insider now directly owns 14,671 shares of the company’s stock, valued at approximately $1,204,489.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marilyn N. Horner sold 33,124 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $80.25, for a total value of $2,658,201.00. Following the completion of the sale, the senior vice president now directly owns 38,527 shares in the company, valued at $3,091,791.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,089 shares of company stock worth $3,554,204. Corporate insiders own 0.26% of the company’s stock.
A number of research analysts have recently weighed in on TSE shares. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Thursday, January 25th. Deutsche Bank raised their price target on Trinseo to $92.00 and gave the company a “buy” rating in a research report on Monday, January 15th. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Finally, Citigroup raised their price target on Trinseo from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Trinseo presently has a consensus rating of “Buy” and an average price target of $90.17.
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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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