QS Investors LLC cut its holdings in Trinseo S.A. (NYSE:TSE) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,387 shares of the basic materials company’s stock after selling 743 shares during the period. QS Investors LLC owned about 0.19% of Trinseo worth $6,054,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of TSE. Royal Bank of Canada boosted its holdings in shares of Trinseo by 47.7% in the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after buying an additional 843 shares during the period. First Trust Advisors LP boosted its holdings in shares of Trinseo by 1.5% in the 3rd quarter. First Trust Advisors LP now owns 57,200 shares of the basic materials company’s stock valued at $3,838,000 after buying an additional 870 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Trinseo by 62.5% in the 3rd quarter. New York State Teachers Retirement System now owns 3,900 shares of the basic materials company’s stock valued at $262,000 after buying an additional 1,500 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Trinseo in the 3rd quarter valued at about $161,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Trinseo by 40.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,385 shares of the basic materials company’s stock valued at $898,000 after buying an additional 3,830 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.
In other Trinseo news, insider Ryan J. Leib sold 2,974 shares of the business’s 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 approximately $592,191.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marilyn N. Horner sold 33,124 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was 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. Insiders have sold a total of 36,109 shares of company stock worth $2,898,941 over the last 90 days. 0.26% of the stock is owned by insiders.
Shares of Trinseo S.A. (NYSE:TSE) opened at $81.95 on Wednesday. The firm has a market cap of $3,542.51, a PE ratio of 10.07, a P/E/G ratio of 0.96 and a beta of 2.27. Trinseo S.A. has a 52-week low of $57.70 and a 52-week high of $85.35. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.63 and a quick ratio of 1.81.
Trinseo (NYSE:TSE) last issued its quarterly earnings data on Monday, February 19th. The basic materials company reported $2.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.47. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Trinseo had a net margin of 7.38% and a return on equity of 62.52%. Trinseo’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. equities analysts predict that Trinseo S.A. will post 8.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be given a $0.36 dividend. The ex-dividend date is Tuesday, April 10th. This represents a $1.44 annualized dividend and a yield of 1.76%. Trinseo’s dividend payout ratio is presently 19.73%.
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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