Trinseo S.A. (TSE) Stake Held by Weber Alan W
Weber Alan W held its position in Trinseo S.A. (NYSE:TSE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,001 shares of the basic materials company’s stock at the end of the second quarter. Trinseo makes up 8.2% of Weber Alan W’s portfolio, making the stock its 4th largest position. Weber Alan W’s holdings in Trinseo were worth $15,251,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. purchased a new position in Trinseo during the second quarter worth $103,000. Ameritas Investment Partners Inc. purchased a new position in Trinseo during the first quarter worth $154,000. Ronald Blue & Co. LLC purchased a new position in Trinseo during the first quarter worth $205,000. Quantitative Systematic Strategies LLC purchased a new position in Trinseo during the first quarter worth $208,000. Finally, Amalgamated Bank purchased a new position in Trinseo during the first quarter worth $224,000.
Trinseo S.A. (TSE) opened at 59.95 on Thursday. The company has a market cap of $2.63 billion, a PE ratio of 8.49 and a beta of 2.38. The firm’s 50-day moving average is $68.00 and its 200-day moving average is $67.12. Trinseo S.A. has a 52-week low of $44.70 and a 52-week high of $72.60.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.80 by $0.41. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $2.30 EPS. The firm’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts anticipate that Trinseo S.A. will post $6.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, July 7th. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. Trinseo’s payout ratio is currently 20.34%.
Trinseo announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 22nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the basic materials company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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A number of research analysts have weighed in on the stock. Barclays PLC cut their price objective on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. Citigroup Inc. cut their price objective on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday. Zacks Investment Research cut shares of Trinseo from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut shares of Trinseo from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $75.80.
In other news, insider Christopher D. Pappas sold 20,000 shares of Trinseo stock in a transaction on Monday, May 15th. The stock was sold at an average price of $64.00, for a total transaction of $1,280,000.00. Following the transaction, the insider now owns 260,240 shares in the company, valued at approximately $16,655,360. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total value of $1,776,000.00. Following the transaction, the insider now owns 265,240 shares in the company, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,000 shares of company stock worth $6,138,050. Insiders own 0.65% of the company’s stock.
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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