Trinseo (TSE) Position Reduced by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its holdings in shares of Trinseo (NYSE:TSE) by 14.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,039 shares of the basic materials company’s stock after selling 4,247 shares during the quarter. Engineers Gate Manager LP owned about 0.06% of Trinseo worth $1,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of TSE. Schwab Charles Investment Management Inc. grew its position in Trinseo by 4.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 301,894 shares of the basic materials company’s stock worth $21,918,000 after buying an additional 13,363 shares in the last quarter. Bowling Portfolio Management LLC grew its position in Trinseo by 39.1% during the fourth quarter. Bowling Portfolio Management LLC now owns 32,254 shares of the basic materials company’s stock worth $2,342,000 after buying an additional 9,066 shares in the last quarter. James Investment Research Inc. grew its position in Trinseo by 277.1% during the fourth quarter. James Investment Research Inc. now owns 44,591 shares of the basic materials company’s stock worth $3,238,000 after buying an additional 32,765 shares in the last quarter. SG Americas Securities LLC grew its position in Trinseo by 115.4% during the fourth quarter. SG Americas Securities LLC now owns 3,858 shares of the basic materials company’s stock worth $280,000 after buying an additional 2,067 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Trinseo by 769.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,446 shares of the basic materials company’s stock worth $685,000 after buying an additional 8,360 shares in the last quarter. Institutional investors and hedge funds own 99.65% of the company’s stock.

In other news, insider Angelo N. Chaclas sold 7,991 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $82.10, for a total value of $656,061.10. Following the completion of the sale, the insider now owns 14,671 shares of the company’s stock, valued at approximately $1,204,489.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $239,942.32. Following the completion of the sale, the insider now directly owns 7,340 shares of the company’s stock, valued at approximately $592,191.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,089 shares of company stock valued at $3,554,204. Corporate insiders own 0.26% of the company’s stock.

Shares of TSE stock opened at $75.95 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.74 and a quick ratio of 1.81. Trinseo has a 12-month low of $75.90 and a 12-month high of $76.85. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.84 and a beta of 2.30.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $2.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.15. Trinseo had a return on equity of 59.08% and a net margin of 7.42%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $2.42 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. equities research analysts anticipate that Trinseo will post 9.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, April 10th. Trinseo’s dividend payout ratio (DPR) is currently 17.71%.

Several equities analysts recently commented on the company. Zacks Investment Research cut Trinseo from a “buy” rating to a “hold” rating in a research report on Saturday, May 5th. Citigroup boosted their target price on Trinseo from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Barclays boosted their target price on Trinseo from $78.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, Wells Fargo restated 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.33.

Trinseo Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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