Quantbot Technologies LP purchased a new position in shares of Trinseo S.A. (NYSE:TSE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,380 shares of the basic materials company’s stock, valued at approximately $964,000.

A number of other large investors have also recently added to or reduced their stakes in TSE. Teachers Advisors LLC lifted its stake in Trinseo by 0.4% during the first quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock worth $4,350,000 after purchasing an additional 245 shares in the last quarter. Legal & General Group Plc lifted its stake in Trinseo by 44.5% during the first quarter. Legal & General Group Plc now owns 15,812 shares of the basic materials company’s stock worth $1,059,000 after purchasing an additional 4,872 shares in the last quarter. BlackRock Inc. lifted its stake in Trinseo by 80,972.2% during the first quarter. BlackRock Inc. now owns 2,152,468 shares of the basic materials company’s stock worth $144,430,000 after purchasing an additional 2,149,813 shares in the last quarter. Amalgamated Bank acquired a new position in Trinseo during the first quarter worth $224,000. Finally, State Street Corp lifted its stake in Trinseo by 1.3% during the first quarter. State Street Corp now owns 571,029 shares of the basic materials company’s stock worth $38,323,000 after purchasing an additional 7,094 shares in the last quarter. Institutional investors own 93.32% of the company’s stock.

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Shares of Trinseo S.A. (NYSE:TSE) opened at $72.85 on Wednesday. The stock has a market capitalization of $3,172.96, a price-to-earnings ratio of 9.47, a PEG ratio of 1.19 and a beta of 2.36. 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 S.A. has a 52 week low of $55.40 and a 52 week high of $73.45.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.04). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 earnings per share. analysts anticipate that Trinseo S.A. will post 7.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, October 6th. Trinseo’s payout ratio is currently 22.54%.

In other news, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total value of $1,712,500.00. Following the sale, the insider now directly owns 265,240 shares in the company, valued at $18,168,940. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now owns 15,640 shares in the company, valued at $1,016,756.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,442 shares of company stock worth $3,116,095. Insiders own 0.26% of the company’s stock.

A number of research analysts have commented on TSE shares. Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a research note on Tuesday, September 5th. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Wednesday, October 11th. Deutsche Bank AG restated a “buy” rating and set a $74.00 price target (up from $72.00) on shares of Trinseo in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “buy” rating and set a $82.00 price target on shares of Trinseo in a research note on Friday, October 6th. Three 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 company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $77.00.

About Trinseo

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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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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