Emerald Advisers Inc. PA Invests $213,000 in Trinseo S.A. (TSE) Stock
Emerald Advisers Inc. PA purchased a new position in shares of Trinseo S.A. (NYSE:TSE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,170 shares of the basic materials company’s stock, valued at approximately $213,000.
A number of other institutional investors have also bought and sold shares of TSE. Teachers Advisors LLC grew its holdings 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 during the period. Legal & General Group Plc grew its holdings 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 during the period. Dimensional Fund Advisors LP grew its holdings in Trinseo by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 701,699 shares of the basic materials company’s stock worth $47,084,000 after purchasing an additional 29,012 shares during the period. BlackRock Inc. grew its holdings 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 during the period. Finally, Amalgamated Bank bought a new position in Trinseo during the first quarter worth about $224,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
A number of equities research analysts have recently issued reports on TSE shares. Citigroup Inc. boosted their price objective on Trinseo from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective for the company in a report on Friday, July 21st. BidaskClub cut Trinseo from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC reduced their price objective on Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a report on Friday, August 4th. Finally, Deutsche Bank AG restated a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Trinseo has an average rating of “Buy” and a consensus price target of $74.80.
In other Trinseo news, insider Christopher D. Pappas sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the completion of the transaction, the insider now directly owns 265,240 shares in the company, valued at $18,168,940. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy M. Stedman sold 5,399 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $67.38, for a total transaction of $363,784.62. Following the transaction, the insider now owns 18,298 shares of the company’s stock, valued at $1,232,919.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,399 shares of company stock valued at $2,401,335. 0.26% of the stock is owned by company insiders.
Shares of Trinseo S.A. (NYSE:TSE) opened at $72.40 on Monday. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 2.13. The stock has a market cap of $3,164.22, a price-to-earnings ratio of 9.44, a P/E/G ratio of 1.18 and a beta of 2.36.
Trinseo (NYSE:TSE) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 67.62%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. equities research analysts expect that Trinseo S.A. will post 7.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were given a $0.36 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.99%. Trinseo’s payout ratio is 22.54%.
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.
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