Koch Industries Inc. Increases Holdings in Trinseo S.A. (TSE)
Koch Industries Inc. raised its stake in shares of Trinseo S.A. (NYSE:TSE) by 44.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,649 shares of the basic materials company’s stock after buying an additional 1,423 shares during the quarter. Koch Industries Inc.’s holdings in Trinseo were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in TSE. Royal Bank of Canada raised its stake in Trinseo by 47.7% during the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after buying an additional 843 shares during the last quarter. First Trust Advisors LP raised its stake in Trinseo by 1.5% during the 3rd quarter. First Trust Advisors LP now owns 57,200 shares of the basic materials company’s stock valued at $3,838,000 after buying an additional 870 shares during the last quarter. New York State Teachers Retirement System raised its stake in Trinseo by 62.5% during the 3rd quarter. New York State Teachers Retirement System now owns 3,900 shares of the basic materials company’s stock valued at $262,000 after buying an additional 1,500 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Trinseo during the 3rd quarter valued at $161,000. Finally, BNP Paribas Arbitrage SA raised its stake in Trinseo by 40.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,385 shares of the basic materials company’s stock valued at $898,000 after buying an additional 3,830 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.
In other news, insider Ryan J. Leib sold 2,974 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $80.68, for a total transaction of $239,942.32. Following the completion of the sale, the insider now owns 7,340 shares of the company’s stock, valued at approximately $592,191.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Marilyn N. Horner sold 33,124 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $80.25, for a total transaction of $2,658,201.00. Following the sale, the senior vice president now directly owns 38,527 shares of the company’s stock, valued at approximately $3,091,791.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,109 shares of company stock valued at $2,898,941. Insiders own 0.26% of the company’s stock.
Trinseo (NYSE:TSE) last issued its quarterly earnings data on Monday, February 19th. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.47. Trinseo had a net margin of 7.38% and a return on equity of 62.52%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. sell-side analysts forecast that Trinseo S.A. will post 8.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Tuesday, April 10th. Trinseo’s payout ratio is 19.73%.
A number of equities research analysts have weighed in on TSE shares. Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Thursday, January 25th. Deutsche Bank boosted their target price on shares of Trinseo to $92.00 and gave the company a “buy” rating in a research note on Monday, January 15th. ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Alembic Global Advisors reiterated a “buy” rating on shares of Trinseo in a research note on Monday, December 11th. Finally, Citigroup boosted their target price on shares of Trinseo from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $90.17.
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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