Brandywine Global Investment Management LLC lessened its holdings in Trinseo S.A. (NYSE:TSE) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,052 shares of the basic materials company’s stock after selling 12,915 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.36% of Trinseo worth $11,402,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Trinseo by 8.2% in the fourth quarter. BlackRock Inc. now owns 3,130,495 shares of the basic materials company’s stock worth $227,272,000 after purchasing an additional 238,474 shares during the period. Boston Partners acquired a new position in Trinseo in the fourth quarter worth $168,536,000. LSV Asset Management boosted its holdings in Trinseo by 21.9% in the fourth quarter. LSV Asset Management now owns 2,200,011 shares of the basic materials company’s stock worth $159,720,000 after purchasing an additional 394,536 shares during the period. Alliancebernstein L.P. boosted its holdings in Trinseo by 6.1% in the fourth quarter. Alliancebernstein L.P. now owns 2,015,307 shares of the basic materials company’s stock worth $146,311,000 after purchasing an additional 116,191 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in Trinseo by 7.5% in the third quarter. Macquarie Group Ltd. now owns 1,400,399 shares of the basic materials company’s stock worth $93,966,000 after purchasing an additional 97,745 shares during the period. 98.66% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Ryan J. Leib sold 2,974 shares of Trinseo stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $80.68, for a total transaction of $239,942.32. Following the sale, the insider now directly owns 7,340 shares in the company, valued at $592,191.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Marilyn N. Horner sold 33,124 shares of Trinseo stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $80.25, for a total transaction of $2,658,201.00. Following the sale, the senior vice president now owns 38,527 shares in the company, valued at $3,091,791.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,109 shares of company stock worth $2,898,941. Company insiders own 0.26% of the company’s stock.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.47. Trinseo had a net margin of 7.38% and a return on equity of 62.52%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. sell-side analysts expect that Trinseo S.A. will post 8.53 EPS for the current 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 1.76%. The ex-dividend date is Tuesday, April 10th. Trinseo’s dividend payout ratio is currently 19.73%.
Several equities analysts have recently issued reports on TSE shares. Wells Fargo & Co reissued an “outperform” rating and set a $84.00 price target (up previously from $79.00) on shares of Trinseo in a report on Wednesday, January 17th. Citigroup boosted their price target on shares of Trinseo from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Barclays reissued an “equal weight” rating and set a $88.00 price target (up previously from $85.00) on shares of Trinseo in a report on Monday, February 26th. Finally, Jefferies Group boosted their price target on shares of Trinseo to $97.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $90.17.
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Trinseo Company Profile
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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