James Investment Research Inc. reduced its position in shares of Trinseo S.A. (NYSE:TSE) by 85.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,714 shares of the basic materials company’s stock after selling 134,539 shares during the period. James Investment Research Inc. owned 0.06% of Trinseo worth $1,086,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in TSE. Group One Trading L.P. increased its position in Trinseo by 133.3% during the third quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 8,879 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Trinseo during the third quarter worth about $200,000. Jefferies Group LLC increased its position in Trinseo by 1,498.4% during the third quarter. Jefferies Group LLC now owns 3,005 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 2,817 shares during the last quarter. Jane Street Group LLC increased its position in Trinseo by 76.4% during the second quarter. Jane Street Group LLC now owns 4,803 shares of the basic materials company’s stock worth $341,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Trinseo during the third quarter worth about $388,000. Hedge funds and other institutional investors own 96.53% of the company’s stock.
Shares of TSE opened at $47.87 on Friday. Trinseo S.A. has a 1-year low of $42.10 and a 1-year high of $85.35. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 5.89, a P/E/G ratio of 0.50 and a beta of 2.25. The company has a quick ratio of 1.93, a current ratio of 2.86 and a debt-to-equity ratio of 1.41.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. Trinseo had a net margin of 8.82% and a return on equity of 52.61%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $2.18 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that Trinseo S.A. will post 7.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Tuesday, January 8th. Trinseo’s dividend payout ratio is presently 19.68%.
Several research firms recently issued reports on TSE. Zacks Investment Research upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Saturday. Deutsche Bank cut their price objective on shares of Trinseo to $55.00 and set a “buy” rating for the company in a research report on Wednesday. Alembic Global Advisors set a $75.00 price objective on shares of Trinseo and gave the stock a “buy” rating in a research report on Wednesday. Citigroup cut their price objective on shares of Trinseo from $76.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, November 13th. Finally, Barclays dropped their price target on shares of Trinseo from $88.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Trinseo presently has an average rating of “Hold” and an average price target of $70.00.
In related news, Director Stephen M. Zide purchased 20,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was acquired at an average cost of $51.17 per share, for a total transaction of $1,023,400.00. Following the completion of the transaction, the director now directly owns 18,578 shares in the company, valued at $950,636.26. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Barry J. Niziolek purchased 4,500 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were bought at an average price of $48.48 per share, with a total value of $218,160.00. Following the completion of the transaction, the chief financial officer now owns 17,011 shares of the company’s stock, valued at $824,693.28. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 34,708 shares of company stock valued at $1,753,185. Company insiders own 1.00% of the company’s stock.
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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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.
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