Aperio Group LLC boosted its holdings in Trinseo S.A. (NYSE:TSE) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 12,478 shares of the basic materials company’s stock after purchasing an additional 1,098 shares during the quarter. Aperio Group LLC’s holdings in Trinseo were worth $906,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in Trinseo in the third quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trinseo by 44.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 756 shares in the last quarter. Royal Bank of Canada grew its position in Trinseo by 47.7% in the second quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 843 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Trinseo by 85.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 1,430 shares in the last quarter. Finally, Emerald Advisers Inc. PA bought a new position in Trinseo in the third quarter valued at $213,000.
A number of research analysts recently weighed in on TSE shares. Jefferies Group raised their target price on shares of Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays raised their target price on shares of Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Trinseo from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Finally, ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.00.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Monday, February 19th. The basic materials company reported $2.14 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 65.90%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $1.68 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. sell-side analysts expect that Trinseo S.A. will post 8.63 earnings per share for the current year.
The company 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently 19.73%.
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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