Royce & Associates LP lessened its stake in Trinseo S.A. (NYSE:TSE) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,531 shares of the basic materials company’s stock after selling 816 shares during the period. Royce & Associates LP owned about 0.08% of Trinseo worth $1,489,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSE. Pearl River Capital LLC purchased a new stake in shares of Trinseo in the 4th quarter worth approximately $52,000. Group One Trading L.P. grew its stake in shares of Trinseo by 133.3% in the 3rd quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock worth $174,000 after buying an additional 8,879 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Trinseo in the 3rd quarter worth approximately $200,000. Jefferies Group LLC grew its stake in shares of Trinseo by 1,498.4% in the 3rd quarter. Jefferies Group LLC now owns 3,005 shares of the basic materials company’s stock worth $235,000 after buying an additional 2,817 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Trinseo in the 4th quarter worth approximately $162,000. 96.11% of the stock is owned by institutional investors.
TSE has been the topic of several recent research reports. ValuEngine upgraded Trinseo from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. Alembic Global Advisors set a $75.00 price objective on Trinseo and gave the company a “buy” rating in a research report on Thursday, February 14th. Jefferies Financial Group cut Trinseo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $80.00 to $55.00 in a research report on Friday, December 7th. Finally, Citigroup raised Trinseo from a “neutral” rating to a “buy” rating in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $67.50.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Trinseo had a return on equity of 40.17% and a net margin of 6.32%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 EPS. As a group, analysts forecast that Trinseo S.A. will post 6.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.51%. Trinseo’s payout ratio is 22.07%.
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Trinseo Company Profile
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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