Everence Capital Management Inc. Buys New Stake in Trinseo S.A. (NYSE:TSE)

Everence Capital Management Inc. bought a new stake in Trinseo S.A. (NYSE:TSE) during the third quarter, Holdings Channel reports. The firm bought 7,990 shares of the basic materials company’s stock, valued at approximately $343,000.

Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in Trinseo in the 3rd quarter valued at $36,000. Point72 Asset Management L.P. acquired a new position in Trinseo in the 2nd quarter valued at $42,000. Price Wealth Management Inc. acquired a new position in Trinseo in the 2nd quarter valued at $54,000. NumerixS Investment Technologies Inc grew its stake in Trinseo by 218.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 2,728 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,872 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Trinseo by 128.6% in the 2nd quarter. Royal Bank of Canada now owns 3,516 shares of the basic materials company’s stock valued at $149,000 after buying an additional 1,978 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

NYSE TSE traded down $0.33 during midday trading on Wednesday, hitting $38.94. The company had a trading volume of 10,845 shares, compared to its average volume of 447,294. The company has a quick ratio of 2.04, a current ratio of 2.83 and a debt-to-equity ratio of 1.63. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 0.90 and a beta of 1.97. The firm has a fifty day simple moving average of $38.30 and a two-hundred day simple moving average of $40.32. Trinseo S.A. has a fifty-two week low of $27.36 and a fifty-two week high of $80.72.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.63). The company had revenue of $951.80 million during the quarter, compared to analyst estimates of $1.07 billion. Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The business’s revenue for the quarter was down 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.40 earnings per share. As a group, equities analysts predict that Trinseo S.A. will post 3.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.60 annualized dividend and a yield of 4.11%. Trinseo’s dividend payout ratio is 22.07%.

A number of research analysts recently issued reports on TSE shares. Zacks Investment Research lowered shares of Trinseo from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 4th. Morgan Stanley lowered their target price on shares of Trinseo from $49.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Citigroup lowered shares of Trinseo from a “neutral” rating to a “sell” rating and raised their target price for the company from $32.00 to $35.00 in a research note on Wednesday. Finally, Deutsche Bank raised their price target on shares of Trinseo from $38.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Trinseo presently has an average rating of “Hold” and a consensus price target of $48.57.

In related news, insider Frank A. Bozich purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $28.97 per share, for a total transaction of $434,550.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

About Trinseo

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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