GSA Capital Partners LLP cut its position in shares of Trinseo S.A. (NYSE:TSE) by 65.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,356 shares of the basic materials company’s stock after selling 19,576 shares during the quarter. GSA Capital Partners LLP’s holdings in Trinseo were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Trinseo by 35.5% during the second quarter. BlackRock Inc. now owns 2,917,369 shares of the basic materials company’s stock valued at $200,423,000 after purchasing an additional 764,901 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Trinseo by 19.2% during the first quarter. Renaissance Technologies LLC now owns 1,956,900 shares of the basic materials company’s stock valued at $131,308,000 after purchasing an additional 315,500 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Trinseo by 6.0% during the second quarter. Alliancebernstein L.P. now owns 1,849,959 shares of the basic materials company’s stock valued at $127,092,000 after purchasing an additional 103,912 shares in the last quarter. LSV Asset Management boosted its position in shares of Trinseo by 24.9% during the second quarter. LSV Asset Management now owns 1,476,620 shares of the basic materials company’s stock valued at $101,443,000 after purchasing an additional 294,600 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Trinseo by 20.6% during the first quarter. Macquarie Group Ltd. now owns 1,124,204 shares of the basic materials company’s stock valued at $75,434,000 after purchasing an additional 191,822 shares in the last quarter. Institutional investors own 97.81% of the company’s stock.

In other Trinseo news, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the sale, the insider now owns 265,240 shares of the company’s stock, valued at approximately $18,842,649.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 sale, the director now directly owns 15,640 shares in the company, valued at approximately $1,016,756.40. The disclosure for this sale can be found here. Insiders have sold a total of 60,399 shares of company stock worth $4,177,335 in the last ninety days. Insiders own 0.65% of the company’s stock.

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Trinseo S.A. (TSE) opened at 69.30 on Friday. Trinseo S.A. has a 52 week low of $44.70 and a 52 week high of $72.60. The firm’s 50-day moving average price is $66.25 and its 200-day moving average price is $66.11. The stock has a market cap of $3.03 billion, a PE ratio of 9.82 and a beta of 2.37.

Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.41). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $2.30 EPS. Equities analysts predict that Trinseo S.A. will post $6.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, October 6th. This represents a $1.44 annualized dividend and a yield of 2.08%. Trinseo’s dividend payout ratio (DPR) is presently 20.34%.

Trinseo announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 22nd that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several equities research analysts recently weighed in on the company. Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a research report on Tuesday, September 5th. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and set a $82.00 price target on shares of Trinseo in a research report on Tuesday, August 29th. BidaskClub upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Trinseo presently has a consensus rating of “Buy” and an average price target of $75.80.

Trinseo 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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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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