Comerica Bank acquired a new position in shares of Trinseo S.A. (NYSE:TSE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,286 shares of the basic materials company’s stock, valued at approximately $352,000.

Other hedge funds also recently added to or reduced their stakes in the company. Group One Trading L.P. boosted its holdings in Trinseo by 133.3% during the third 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 in the last quarter. Marshall Wace North America L.P. purchased a new stake in Trinseo during the third quarter worth about $200,000. Jefferies Group LLC boosted its holdings in Trinseo by 1,498.4% during the third 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 in the last quarter. First Mercantile Trust Co. boosted its holdings in Trinseo by 11.8% during the fourth quarter. First Mercantile Trust Co. now owns 3,800 shares of the basic materials company’s stock worth $174,000 after buying an additional 400 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Trinseo during the third quarter worth about $388,000. 96.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSE opened at $46.74 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 0.58 and a beta of 2.10. Trinseo S.A. has a 12-month low of $42.10 and a 12-month high of $82.18.

Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Trinseo had a net margin of 6.32% and a return on equity of 40.17%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.14 earnings per share. As a group, research analysts anticipate that Trinseo S.A. will post 6.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, April 10th. Trinseo’s payout ratio is currently 22.07%.

TSE has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Trinseo from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. ValuEngine raised shares of Trinseo from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Citigroup set a $58.00 price objective on shares of Trinseo and gave the stock a “buy” rating in a report on Friday, February 15th. Deutsche Bank cut their target price on shares of Trinseo to $55.00 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. Finally, Alembic Global Advisors set a $75.00 target price on shares of Trinseo and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $67.50.

TRADEMARK VIOLATION NOTICE: “Comerica Bank Takes $352,000 Position in Trinseo S.A. (TSE)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.watchlistnews.com/comerica-bank-takes-352000-position-in-trinseo-s-a-tse/2896390.html.

Trinseo 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.

Read More: Sell-Side Analysts

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.