Zimmer Partners LP grew its stake in shares of Trinseo S.A. (NYSE:TSE) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,427,361 shares of the basic materials company’s stock after acquiring an additional 163,802 shares during the period. Trinseo comprises about 2.5% of Zimmer Partners LP’s portfolio, making the stock its 13th largest holding. Zimmer Partners LP owned 3.27% of Trinseo worth $103,626,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Trinseo during the 3rd quarter valued at $161,000. Cubist Systematic Strategies LLC increased its stake in shares of Trinseo by 815.1% in the third quarter. Cubist Systematic Strategies LLC now owns 14,990 shares of the basic materials company’s stock worth $1,006,000 after acquiring an additional 13,352 shares during the last quarter. Bowling Portfolio Management LLC increased its stake in shares of Trinseo by 39.1% in the fourth quarter. Bowling Portfolio Management LLC now owns 32,254 shares of the basic materials company’s stock worth $2,342,000 after acquiring an additional 9,066 shares during the last quarter. Comerica Bank acquired a new position in shares of Trinseo in the fourth quarter worth $1,129,000. Finally, Quantbot Technologies LP acquired a new position in Trinseo during the third quarter worth $964,000. Institutional investors own 98.66% of the company’s stock.
Trinseo S.A. (NYSE TSE) opened at $82.00 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 1.81 and a debt-to-equity ratio of 1.73. The company has a market cap of $3,542.51, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 0.96 and a beta of 2.27. Trinseo S.A. has a 1 year low of $57.70 and a 1 year high of $85.35.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, April 10th. Trinseo’s dividend payout ratio (DPR) is 19.73%.
In other Trinseo news, SVP Marilyn N. Horner sold 33,124 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 38,527 shares in the company, valued at $3,091,791.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan J. Leib sold 2,974 shares of the company’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 owns 7,340 shares of the company’s stock, valued at $592,191.20. The disclosure for this sale can be found here. Insiders have sold 36,109 shares of company stock valued at $2,898,941 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.
TSE has been the topic of several analyst reports. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, February 16th. Deutsche Bank increased their target price on shares of Trinseo to $92.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $90.00 target price (up from $86.00) on shares of Trinseo in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Trinseo has a consensus rating of “Buy” and a consensus target price of $90.17.
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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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