Cubist Systematic Strategies LLC Buys 13,352 Shares of Trinseo S.A. (TSE)
Cubist Systematic Strategies LLC lifted its stake in Trinseo S.A. (NYSE:TSE) by 815.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,990 shares of the basic materials company’s stock after purchasing an additional 13,352 shares during the period. Cubist Systematic Strategies LLC’s holdings in Trinseo were worth $1,006,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Trinseo in the 3rd quarter valued at about $161,000. Royal Bank of Canada raised its stake in shares of Trinseo by 47.7% in the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 843 shares during the period. Citigroup Inc. grew its holdings in shares of Trinseo by 10.7% in the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 260 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Trinseo by 85.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 1,430 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. grew its holdings in shares of Trinseo by 57.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock valued at $200,000 after acquiring an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 96.86% of the company’s stock.
Shares of Trinseo S.A. (NYSE:TSE) opened at $73.25 on Thursday. Trinseo S.A. has a 1-year low of $57.70 and a 1-year high of $75.20. The stock has a market capitalization of $3,162.03, a P/E ratio of 9.43, a PEG ratio of 1.18 and a beta of 2.33. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, January 8th. Trinseo’s dividend payout ratio is presently 22.54%.
In other news, insider David Phillip Stasse sold 10,043 shares of Trinseo stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total value of $714,760.31. Following the completion of the sale, the insider now directly owns 28,684 shares in the company, valued at $2,041,440.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, November 9th. Jefferies Group raised their price objective on Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barclays raised their price objective on Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a report on Monday, December 11th. Finally, ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $77.00.
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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