Ameriprise Financial Inc. boosted its position in shares of Trinseo SA (NYSE:TSE) by 121.4% during the second quarter, Holdings Channel reports. The institutional investor owned 160,039 shares of the company’s stock after buying an additional 87,769 shares during the period. Ameriprise Financial Inc. owned 0.34% of Trinseo SA worth $6,870,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bailard Inc. purchased a new position in shares of Trinseo SA during the second quarter worth $1,764,000. Neuberger Berman Group LLC boosted its position in shares of Trinseo SA by 31.5% in the second quarter. Neuberger Berman Group LLC now owns 19,405 shares of the company’s stock worth $833,000 after buying an additional 4,650 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Trinseo SA during the second quarter worth $2,097,000. California Public Employees Retirement System boosted its position in shares of Trinseo SA by 8.6% in the second quarter. California Public Employees Retirement System now owns 162,000 shares of the company’s stock worth $6,955,000 after buying an additional 12,800 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Trinseo SA during the second quarter worth $7,022,000.
Trinseo SA (NYSE:TSE) traded down 0.96% during mid-day trading on Friday, reaching $53.47. The company’s stock had a trading volume of 827,335 shares. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 9.76 and a beta of 2.45. The firm has a 50-day moving average of $56.03 and a 200 day moving average of $48.08. Trinseo SA has a 1-year low of $21.92 and a 1-year high of $60.02.
Trinseo SA (NYSE:TSE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $1.61 earnings per share. Equities analysts expect that Trinseo SA will post $7.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. Trinseo SA’s dividend payout ratio (DPR) is 21.82%.
A number of research firms recently commented on TSE. Morgan Stanley reiterated a “hold” rating and set a $48.00 price objective on shares of Trinseo SA in a research report on Thursday, June 16th. Citigroup Inc. lifted 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. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Trinseo SA in a research report on Wednesday, June 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.57.
In other news, Director Ruth Springham sold 10,669,567 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $54.05, for a total value of $576,690,096.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by insiders.
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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