Victory Capital Management Inc. increased its holdings in shares of Trinseo S.A. (NYSE:TSE) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,344 shares of the basic materials company’s stock after buying an additional 9,374 shares during the quarter. Victory Capital Management Inc. owned 1.30% of Trinseo worth $43,405,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. First Quadrant L P CA purchased a new position in Trinseo in the second quarter valued at about $117,000. Legacy Financial Advisors Inc. purchased a new position in Trinseo in the second quarter valued at about $125,000. Jane Street Group LLC purchased a new position in Trinseo in the first quarter valued at about $202,000. Wilen Investment Management CORP. grew its stake in Trinseo by 34.8% in the second quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock valued at $287,000 after purchasing an additional 973 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in Trinseo in the second quarter valued at about $295,000. Institutional investors and hedge funds own 96.33% of the company’s stock.
A number of research analysts have commented on TSE shares. Citigroup lowered their target price on Trinseo from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. ValuEngine downgraded Trinseo from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. Zacks Investment Research cut Trinseo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. Barclays reduced their price target on Trinseo from $88.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, October 11th. Finally, MED reaffirmed a “buy” rating and issued a $90.00 price target on shares of Trinseo in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $85.57.
Shares of NYSE:TSE opened at $55.77 on Friday. Trinseo S.A. has a fifty-two week low of $50.20 and a fifty-two week high of $85.35. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 0.56 and a beta of 2.50. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 1.45.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. Trinseo had a return on equity of 59.09% and a net margin of 8.11%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Trinseo S.A. will post 8.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, October 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. Trinseo’s dividend payout ratio is currently 19.68%.
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.
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