Trinseo S.A. (TSE) Position Maintained by Origin Asset Management LLP
Origin Asset Management LLP maintained its position in Trinseo S.A. (NYSE:TSE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,867 shares of the basic materials company’s stock at the close of the 2nd quarter. Origin Asset Management LLP’s holdings in Trinseo were worth $266,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new position in Trinseo during the second quarter worth about $103,000. Ameritas Investment Partners Inc. bought a new position in Trinseo during the first quarter worth about $154,000. Ronald Blue & Co. LLC bought a new position in Trinseo during the first quarter worth about $205,000. Amalgamated Bank bought a new position in Trinseo during the first quarter worth about $224,000. Finally, SG Americas Securities LLC grew its holdings in Trinseo by 91.4% during the second quarter. SG Americas Securities LLC now owns 3,280 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 1,566 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.
Trinseo S.A. (TSE) traded up 0.44% during trading on Friday, reaching $67.80. The company had a trading volume of 80,733 shares. Trinseo S.A. has a one year low of $44.70 and a one year high of $72.60. The company has a 50-day moving average price of $64.69 and a 200 day moving average price of $66.37. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.60 and a beta of 2.39.
Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 previous year, the business earned $2.30 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Analysts expect that Trinseo S.A. will post $6.63 earnings per share for the current year.
Trinseo announced that its Board of Directors has initiated a stock buyback program on Thursday, June 22nd that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Jeffrey J. Cote sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total transaction of $325,050.00. Following the completion of the sale, the director now owns 15,640 shares in the company, valued at approximately $1,016,756.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the sale, the insider now owns 265,240 shares of the company’s stock, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,399 shares of company stock valued at $5,914,585. 0.65% of the stock is currently owned by company insiders.
TSE has been the subject of a number of research analyst reports. BidaskClub upgraded Trinseo from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Deutsche Bank AG reiterated a “buy” rating and set a $74.00 price target (up previously from $72.00) on shares of Trinseo in a report on Wednesday, August 9th. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a report on Friday, July 21st. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price target on shares of Trinseo in a report on Friday, June 16th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.80.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/15/trinseo-s-a-tse-position-maintained-by-origin-asset-management-llp.html.
Trinseo Company Profile
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.
Want to see what other hedge funds are holding TSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinseo S.A. (NYSE:TSE).
Receive News & Ratings for Trinseo S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo S.A. and related companies with MarketBeat.com's FREE daily email newsletter.