Geode Capital Management LLC lessened its holdings in shares of Trinseo S.A. (NYSE:TSE) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 544,121 shares of the basic materials company’s stock after selling 1,884 shares during the quarter. Geode Capital Management LLC owned 1.29% of Trinseo worth $24,909,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Trinseo by 35.1% in the 4th quarter. Bank of America Corp DE now owns 369,335 shares of the basic materials company’s stock valued at $16,909,000 after purchasing an additional 95,965 shares during the period. Norges Bank bought a new stake in shares of Trinseo during the fourth quarter worth $34,146,000. Susquehanna Fundamental Investments LLC grew its stake in shares of Trinseo by 184.4% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 15,900 shares of the basic materials company’s stock worth $728,000 after buying an additional 10,309 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Trinseo during the fourth quarter worth $162,000. Finally, Prudential Financial Inc. grew its stake in shares of Trinseo by 37.1% during the fourth quarter. Prudential Financial Inc. now owns 457,279 shares of the basic materials company’s stock worth $20,935,000 after buying an additional 123,746 shares during the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.
In related news, insider Catherine C. Keenan sold 2,082 shares of Trinseo stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $44.56, for a total value of $92,773.92. Following the sale, the insider now owns 10,079 shares of the company’s stock, valued at approximately $449,120.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Catherine C. Keenan sold 5,050 shares of Trinseo stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $38.41, for a total transaction of $193,970.50. Following the completion of the sale, the insider now directly owns 15,901 shares in the company, valued at approximately $610,757.41. The disclosure for this sale can be found here. Insiders have sold a total of 19,396 shares of company stock worth $754,861 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.
Trinseo (NYSE:TSE) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $2.76 EPS. As a group, analysts predict that Trinseo S.A. will post 6.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.95%. Trinseo’s payout ratio is 22.07%.
TSE has been the topic of several recent research reports. TheStreet lowered shares of Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Zacks Investment Research raised shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine raised shares of Trinseo from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 12th. Finally, Deutsche Bank cut their target price on shares of Trinseo from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. One equities 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 has a consensus rating of “Hold” and an average price target of $66.88.
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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