Goldman Sachs Group Inc. Decreases Holdings in Trinseo S.A. (TSE)

Goldman Sachs Group Inc. reduced its holdings in shares of Trinseo S.A. (NYSE:TSE) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 670,954 shares of the basic materials company’s stock after selling 27,890 shares during the quarter. Goldman Sachs Group Inc. owned 1.53% of Trinseo worth $46,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSE. Karp Capital Management Corp purchased a new stake in Trinseo during the first quarter worth approximately $564,000. Parametric Portfolio Associates LLC grew its stake in Trinseo by 25.2% during the first quarter. Parametric Portfolio Associates LLC now owns 87,679 shares of the basic materials company’s stock worth $5,883,000 after buying an additional 17,653 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Trinseo during the first quarter worth approximately $154,000. Envestnet Asset Management Inc. grew its stake in Trinseo by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the basic materials company’s stock worth $269,000 after buying an additional 213 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Trinseo during the first quarter worth approximately $710,000. Institutional investors own 97.81% of the company’s stock.

Trinseo S.A. (NYSE:TSE) opened at 69.55 on Friday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 9.85 and a beta of 2.37. Trinseo S.A. has a 52 week low of $44.70 and a 52 week high of $72.60. The stock has a 50 day moving average of $66.57 and a 200 day moving average of $66.11.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.41). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $2.30 EPS. On average, equities research analysts predict that Trinseo S.A. will post $6.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. Trinseo’s payout ratio is 20.34%.

Trinseo announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 22nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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In other news, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $68.50, for a total value of $1,712,500.00. Following the sale, the insider now owns 265,240 shares in the company, valued at $18,168,940. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey J. Cote sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $65.01, for a total transaction of $325,050.00. Following the completion of the sale, the director now owns 15,640 shares in the company, valued at approximately $1,016,756.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,399 shares of company stock worth $4,177,335. 0.65% of the stock is currently owned by corporate insiders.

TSE has been the subject of several research reports. ValuEngine downgraded shares of Trinseo from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th. BidaskClub upgraded shares of Trinseo from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Trinseo in a research note on Friday, June 16th. Deutsche Bank AG restated a “buy” rating and issued a $74.00 target price (up from $72.00) on shares of Trinseo in a research note on Wednesday, August 9th. Finally, Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a research note on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.80.

Trinseo 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.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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