Trinseo S.A. (TSE) Holdings Lifted by Martingale Asset Management L P
Martingale Asset Management L P raised its holdings in Trinseo S.A. (NYSE:TSE) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,732 shares of the basic materials company’s stock after acquiring an additional 2,613 shares during the period. Martingale Asset Management L P’s holdings in Trinseo were worth $1,651,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Trinseo by 8.2% during the fourth quarter. BlackRock Inc. now owns 3,130,495 shares of the basic materials company’s stock worth $227,272,000 after purchasing an additional 238,474 shares during the last quarter. Boston Partners bought a new stake in shares of Trinseo during the fourth quarter worth about $168,536,000. LSV Asset Management grew its holdings in shares of Trinseo by 21.9% during the fourth quarter. LSV Asset Management now owns 2,200,011 shares of the basic materials company’s stock worth $159,720,000 after purchasing an additional 394,536 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Trinseo by 7.5% during the third quarter. Macquarie Group Ltd. now owns 1,400,399 shares of the basic materials company’s stock worth $93,966,000 after purchasing an additional 97,745 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Trinseo by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 886,874 shares of the basic materials company’s stock worth $59,509,000 after purchasing an additional 27,898 shares during the last quarter.
Trinseo S.A. (NYSE TSE) opened at $79.30 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $3,470.00, a P/E ratio of 10.88, a P/E/G ratio of 0.92 and a beta of 2.27. Trinseo S.A. has a 12 month low of $57.70 and a 12 month high of $85.35.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, April 10th. Trinseo’s dividend payout ratio is currently 19.75%.
Several analysts have recently weighed in on the company. Jefferies Group boosted their price target on Trinseo to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays restated an “equal weight” rating and set a $88.00 price target (up from $85.00) on shares of Trinseo in a report on Monday, February 26th. Citigroup boosted their price target on Trinseo from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Thursday, January 25th. Finally, ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $90.17.
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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.
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