First Trust Advisors LP purchased a new stake in Trinseo SA (NYSE:TSE) during the second quarter, Holdings Channel reports. The institutional investor purchased 48,836 shares of the company’s stock, valued at approximately $2,097,000. First Trust Advisors LP owned 0.10% of Trinseo SA as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Quaker Capital Investments LLC boosted its position in Trinseo SA by 0.3% in the first quarter. Quaker Capital Investments LLC now owns 886,020 shares of the company’s stock valued at $32,614,000 after buying an additional 2,500 shares in the last quarter. Towle & Co. boosted its position in Trinseo SA by 0.5% in the second quarter. Towle & Co. now owns 712,152 shares of the company’s stock valued at $30,573,000 after buying an additional 3,530 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Trinseo SA by 425.7% in the first quarter. Goldman Sachs Group Inc. now owns 395,534 shares of the company’s stock valued at $14,559,000 after buying an additional 320,297 shares in the last quarter. Anchor Bolt Capital LP acquired a new position in Trinseo SA during the first quarter valued at $14,009,000. Finally, Hood River Capital Management LLC boosted its position in Trinseo SA by 47.4% in the second quarter. Hood River Capital Management LLC now owns 342,935 shares of the company’s stock valued at $14,722,000 after buying an additional 110,208 shares in the last quarter.
Shares of Trinseo SA (NYSE:TSE) traded down 1.39% on Friday, hitting $55.27. The stock had a trading volume of 979,275 shares. The stock has a 50 day moving average of $55.37 and a 200-day moving average of $46.64. Trinseo SA has a 12 month low of $21.92 and a 12 month high of $60.02. The stock has a market cap of $2.56 billion, a PE ratio of 10.09 and a beta of 2.44.
Trinseo SA (NYSE:TSE) last released its earnings results on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.65. Trinseo SA had a return on equity of 73.14% and a net margin of 7.07%. During the same period in the previous year, the firm posted $1.61 earnings per share. Equities research analysts anticipate that Trinseo SA will post $7.13 EPS for the current year.
Several research firms have weighed in on TSE. Citigroup Inc. boosted their price objective on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Deutsche Bank AG boosted their price objective on Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, Morgan Stanley reissued a “hold” rating and issued a $48.00 price objective on shares of Trinseo SA in a research report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Trinseo SA currently has a consensus rating of “Buy” and an average price target of $47.57.
Trinseo SA Company Profile
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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