California Public Employees Retirement System raised its position in Trinseo S.A. (NYSE:TSE) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,524 shares of the basic materials company’s stock after purchasing an additional 10,253 shares during the quarter. California Public Employees Retirement System’s holdings in Trinseo were worth $5,060,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Group One Trading L.P. increased its position in shares of Trinseo by 133.3% during the third quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 8,879 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Trinseo during the third quarter worth $200,000. Jefferies Group LLC increased its position in shares of Trinseo by 1,498.4% during the third quarter. Jefferies Group LLC now owns 3,005 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 2,817 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of Trinseo during the fourth quarter worth $162,000. Finally, First Mercantile Trust Co. increased its position in shares of Trinseo by 11.8% during the fourth quarter. First Mercantile Trust Co. now owns 3,800 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 400 shares during the period. 96.11% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on the company. ValuEngine lowered Trinseo from a “sell” rating to a “strong sell” rating in a research report on Friday. Citigroup set a $58.00 price objective on Trinseo and gave the stock a “buy” rating in a research report on Friday, February 15th. Alembic Global Advisors set a $75.00 target price on Trinseo and gave the company a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research raised Trinseo from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Finally, Deutsche Bank dropped their target price on Trinseo to $55.00 and set a “buy” rating on the stock in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $67.50.
Trinseo (NYSE:TSE) last posted its earnings results on Wednesday, February 13th. The basic materials company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Trinseo had a return on equity of 40.17% and a net margin of 6.32%. Trinseo’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.14 earnings per share. Analysts predict that Trinseo S.A. will post 6.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.
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Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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