Trinseo S.A. (TSE) Stake Lowered by Barings LLC
Barings LLC lessened its position in Trinseo S.A. (NYSE:TSE) by 14.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 64,200 shares of the basic materials company’s stock after selling 10,700 shares during the period. Barings LLC owned approximately 0.15% of Trinseo worth $4,308,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in shares of Trinseo in the 2nd quarter valued at about $103,000. Canada Pension Plan Investment Board acquired a new position in Trinseo in the third quarter worth approximately $161,000. Royal Bank of Canada boosted its position in Trinseo by 47.7% during the second quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after purchasing an additional 843 shares during the period. Citigroup Inc. boosted its position in Trinseo by 10.7% during the second quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 260 shares during the period. Finally, C M Bidwell & Associates Ltd. boosted its position in Trinseo by 57.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock worth $200,000 after purchasing an additional 1,065 shares during the period. Institutional investors own 96.97% of the company’s stock.
A number of equities research analysts have issued reports on TSE shares. BidaskClub raised Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Jefferies Group reaffirmed a “buy” rating and set a $82.00 target price on shares of Trinseo in a research report on Friday, October 6th. Deutsche Bank reissued a “buy” rating and issued a $74.00 price objective (up from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. ValuEngine raised Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Trinseo from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $77.00.
Shares of Trinseo S.A. (NYSE:TSE) traded up $1.00 during trading hours on Thursday, hitting $74.20. The stock had a trading volume of 202,200 shares, compared to its average volume of 594,949. Trinseo S.A. has a 52 week low of $56.90 and a 52 week high of $74.50. The firm has a market capitalization of $3,199.18, a price-to-earnings ratio of 9.54, a PEG ratio of 1.20 and a beta of 2.36. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.78 and a current ratio of 2.59.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $1.70 EPS. Trinseo’s revenue was up 17.2% on a year-over-year basis. analysts predict that Trinseo S.A. will post 7.64 EPS for the current fiscal year.
In related news, insider Timothy M. Stedman sold 5,399 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $67.38, for a total value of $363,784.62. Following the completion of the sale, the insider now directly owns 18,298 shares in the company, valued at approximately $1,232,919.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Phillip Stasse sold 10,043 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $71.17, for a total value of $714,760.31. Following the completion of the sale, the insider now owns 28,684 shares of the company’s stock, valued at $2,041,440.28. The disclosure for this sale can be found here. Insiders have sold a total of 40,442 shares of company stock worth $2,791,045 in the last ninety days. Insiders own 0.26% 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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