Dimensional Fund Advisors LP raised its position in shares of Trinseo S.A. (NYSE:TSE) by 3.2% during the third quarter, according to its most recent disclosure with the Securities Exchange Commission. The institutional investor owned 886,874 shares of the basic materials company’s stock after purchasing an additional 27,898 shares during the period. Dimensional Fund Advisors LP owned approximately 2.03% of Trinseo worth $59,509,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSE. Canada Pension Plan Investment Board purchased a new position in shares of Trinseo in the third quarter worth about $161,000. Royal Bank of Canada grew its stake 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 worth $179,000 after purchasing an additional 843 shares during the last quarter. Citigroup Inc. grew its stake in shares of Trinseo by 10.7% in the second quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 260 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake 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 worth $189,000 after purchasing an additional 1,430 shares during the last quarter. Finally, C M Bidwell Associates Ltd. grew its stake in shares of Trinseo by 57.9% in the second quarter. C M Bidwell Associates Ltd. now owns 2,905 shares of the basic materials company’s stock worth $200,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.
In other Trinseo news, insider David Phillip Stasse sold 10,043 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the completion of the transaction, the insider now owns 28,684 shares of the company’s stock, valued at approximately $2,041,440.28. The transaction was disclosed in a legal filing with the Securities Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.
TSE has been the topic of several research reports. Jefferies Group reaffirmed a “buy” rating and set a $82.00 price objective on shares of Trinseo in a research report on Friday, October 6th. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Zacks Investment Research raised Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Thursday, November 9th. Barclays boosted their price objective on shares of Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 7th. Finally, Deutsche Bank boosted their price objective on shares of Trinseo to $92.00 and gave the stock a “buy” rating in a report on Monday. Three equities 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. The company currently has a consensus rating of “Buy” and a consensus price target of $80.60.
Shares of Trinseo S.A. (NYSE TSE) opened at $78.55 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $3,430.00, a price-to-earnings ratio of 12.31, a PEG ratio of 1.19 and a beta of 2.32. Trinseo S.A. has a 12 month low of $57.70 and a 12 month high of $80.25.
Trinseo (NYSE:TSE) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.04). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. research analysts anticipate that Trinseo S.A. will post 7.64 earnings per share 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 dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, January 8th. Trinseo’s dividend payout ratio (DPR) is presently 22.57%.
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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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