DekaBank Deutsche Girozentrale increased its position in shares of Trinseo S.A. (NYSE:TSE) by 85.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,112 shares of the basic materials company’s stock after acquiring an additional 1,430 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Trinseo were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of TSE. Teachers Advisors LLC increased its holdings in Trinseo by 0.4% during the 1st quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock worth $4,350,000 after acquiring an additional 245 shares during the period. State Street Corp increased its holdings in Trinseo by 1.3% during the 1st quarter. State Street Corp now owns 571,029 shares of the basic materials company’s stock worth $38,323,000 after acquiring an additional 7,094 shares during the period. Aperio Group LLC increased its holdings in Trinseo by 33.2% during the 2nd quarter. Aperio Group LLC now owns 11,188 shares of the basic materials company’s stock worth $769,000 after acquiring an additional 2,787 shares during the period. US Bancorp DE increased its holdings in Trinseo by 11.2% during the 2nd quarter. US Bancorp DE now owns 16,799 shares of the basic materials company’s stock worth $1,153,000 after acquiring an additional 1,690 shares during the period. Finally, Strs Ohio increased its holdings in Trinseo by 6.1% during the 2nd quarter. Strs Ohio now owns 17,500 shares of the basic materials company’s stock worth $1,202,000 after acquiring an additional 1,000 shares during the period. 93.32% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Jeffrey J. Cote sold 5,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total value of $325,050.00. Following the transaction, the director now owns 15,640 shares of the company’s stock, valued at approximately $1,016,756.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Phillip Stasse sold 10,043 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $71.17, for a total transaction of $714,760.31. Following the completion of the transaction, the insider now directly owns 28,684 shares in the company, valued at approximately $2,041,440.28. The disclosure for this sale can be found here. Insiders sold a total of 45,442 shares of company stock worth $3,116,095 in the last three months. Insiders own 0.26% of the company’s stock.
TSE has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, October 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $82.00 target price on shares of Trinseo in a report on Friday, October 6th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Trinseo in a report on Tuesday, September 5th. ValuEngine lowered shares of Trinseo from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $74.00 price target (up previously from $72.00) on shares of Trinseo in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.00.
Shares of Trinseo S.A. (NYSE TSE) traded up $0.35 during trading hours on Monday, hitting $72.60. 91,900 shares of the stock were exchanged, compared to its average volume of 599,777. The company has a market cap of $3,172.98, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.19 and a beta of 2.36. Trinseo S.A. has a 1 year low of $56.50 and a 1 year high of $73.70. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05.
Trinseo (NYSE:TSE) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. Trinseo’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. research analysts forecast that Trinseo S.A. will post 7.64 earnings per share for the current fiscal year.
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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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