The Manufacturers Life Insurance Company lifted its holdings in Trinseo S.A. (NYSE:TSE) by 61.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,089 shares of the basic materials company’s stock after purchasing an additional 12,917 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Trinseo worth $2,342,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Benson Investment Management Company Inc. bought a new position in Trinseo during the second quarter valued at about $1,501,000. Tocqueville Asset Management L.P. boosted its holdings in Trinseo by 30.5% during the second quarter. Tocqueville Asset Management L.P. now owns 4,779 shares of the basic materials company’s stock valued at $328,000 after purchasing an additional 1,116 shares in the last quarter. State Street Corp boosted its holdings in Trinseo by 1.3% during the first quarter. State Street Corp now owns 571,029 shares of the basic materials company’s stock valued at $38,323,000 after purchasing an additional 7,094 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Trinseo by 7.5% during the second quarter. Prudential Financial Inc. now owns 617,196 shares of the basic materials company’s stock valued at $42,401,000 after purchasing an additional 43,250 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Trinseo during the second quarter valued at approximately $964,000. Institutional investors and hedge funds own 94.90% of the company’s stock.
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In related news, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $68.50, for a total value of $1,712,500.00. Following the completion of the sale, the insider now directly owns 265,240 shares in the company, valued at approximately $18,168,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Phillip Stasse sold 10,043 shares of the firm’s 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 sale, the insider now owns 28,684 shares of the company’s stock, valued at $2,041,440.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,442 shares of company stock valued at $3,116,095. Company insiders own 0.26% of the company’s stock.
TSE has been the topic of several recent analyst reports. Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a report on Friday, July 21st. BidaskClub downgraded Trinseo from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC dropped their price objective on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. Citigroup Inc. dropped their price objective on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, August 7th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $77.00.
Shares of Trinseo S.A. (NYSE TSE) opened at $70.90 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78. Trinseo S.A. has a 1 year low of $52.75 and a 1 year high of $73.40. The company has a market cap of $3,098.66, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.17 and a beta of 2.36.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the Zacks’ 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 net margin of 3.03% and a return on equity of 23.57%. Trinseo’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. research analysts expect that Trinseo S.A. will post 7.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, October 6th. Trinseo’s payout ratio is presently 22.54%.
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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