US Bancorp DE raised its position in shares of Trinseo S.A. (NYSE:TSE) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,071 shares of the basic materials company’s stock after acquiring an additional 1,806 shares during the period. US Bancorp DE’s holdings in Trinseo were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in shares of Trinseo during the 3rd quarter worth approximately $161,000. Royal Bank of Canada raised its holdings in shares of Trinseo by 47.7% during the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 843 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Trinseo by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 756 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Trinseo by 10.7% during the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 260 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Trinseo by 85.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 1,430 shares in the last quarter.
Several brokerages have recently issued reports on TSE. Jefferies Group upped their price objective on Trinseo to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays upped their price objective on Trinseo from $78.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Zacks Investment Research raised Trinseo from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Thursday, January 25th. Deutsche Bank upped their price objective on Trinseo to $92.00 and gave the stock a “buy” rating in a report on Monday, January 15th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $84.00 price objective (up from $79.00) on shares of Trinseo in a report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.00.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, January 8th. This represents a $1.44 annualized dividend and a yield of 1.78%. Trinseo’s payout ratio is presently 22.54%.
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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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