DekaBank Deutsche Girozentrale continued to hold its position in Trinseo S.A. (NYSE:TSE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,682 shares of the basic materials company’s stock at the end of the second quarter. DekaBank Deutsche Girozentrale’s holdings in Trinseo were worth $113,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue & Co. LLC increased its position in Trinseo by 5.2% in the second quarter. Ronald Blue & Co. LLC now owns 3,206 shares of the basic materials company’s stock worth $220,000 after buying an additional 158 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Trinseo by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the basic materials company’s stock worth $269,000 after buying an additional 213 shares in the last quarter. Teachers Advisors LLC increased its position in Trinseo by 0.4% in the first quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock worth $4,350,000 after buying an additional 245 shares in the last quarter. Premier Fund Managers Ltd increased its position in Trinseo by 0.6% in the first quarter. Premier Fund Managers Ltd now owns 42,328 shares of the basic materials company’s stock worth $2,807,000 after buying an additional 248 shares in the last quarter. Finally, Parkwood LLC increased its position in Trinseo by 21.9% in the first quarter. Parkwood LLC now owns 4,196 shares of the basic materials company’s stock worth $282,000 after buying an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

Shares of Trinseo S.A. (NYSE:TSE) opened at 66.30 on Thursday. The firm’s 50-day moving average price is $65.84 and its 200-day moving average price is $66.67. The firm has a market capitalization of $2.90 billion, a PE ratio of 9.39 and a beta of 2.38. Trinseo S.A. has a 52-week low of $44.70 and a 52-week high of $72.60.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by $0.41. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.30 EPS. On average, equities analysts predict that Trinseo S.A. will post $6.70 earnings per share for the current fiscal year.

Trinseo declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 22nd that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the basic materials company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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A number of research analysts recently issued reports on the company. Citigroup Inc. raised their price target on Trinseo from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $74.00 price objective (up from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective for the company in a research report on Friday, July 21st. BidaskClub raised Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $82.00 price objective on shares of Trinseo in a research report on Friday, June 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $75.80.

In related news, insider Christopher D. Pappas sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $67.24, for a total value of $1,344,800.00. Following the completion of the sale, the insider now owns 260,240 shares of the company’s stock, valued at $17,498,537.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $69.49, for a total transaction of $1,737,250.00. Following the completion of the sale, the insider now directly owns 265,240 shares of the company’s stock, valued at approximately $18,431,527.60. The disclosure for this sale can be found here. In the last three months, insiders sold 70,000 shares of company stock valued at $4,858,050. 0.65% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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