Trinseo S.A. (TSE) Shares Bought by Royal Bank of Canada
Royal Bank of Canada increased its stake in Trinseo S.A. (NYSE:TSE) by 47.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,611 shares of the basic materials company’s stock after purchasing an additional 843 shares during the period. Royal Bank of Canada’s holdings in Trinseo S.A. were worth $179,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of TSE. Daiwa Securities Group Inc. bought a new position in shares of Trinseo S.A. in the second quarter worth approximately $103,000. Citigroup Inc. increased its position in shares of Trinseo S.A. by 10.7% in the second quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 260 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Trinseo S.A. by 14.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,203 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 403 shares during the last quarter. Ronald Blue & Co. LLC increased its position in shares of Trinseo S.A. 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 purchasing an additional 158 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Trinseo S.A. in the second quarter worth approximately $220,000. Institutional investors own 93.32% of the company’s stock.
In other Trinseo S.A. news, insider David Phillip Stasse sold 10,043 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the transaction, the insider now directly owns 28,684 shares in the company, valued at $2,041,440.28. The sale was disclosed in a document filed 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 that occurred on Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total transaction of $325,050.00. Following the transaction, the director now owns 15,640 shares in the company, valued at $1,016,756.40. The disclosure for this sale can be found here. Insiders have sold 45,442 shares of company stock worth $3,116,095 over the last quarter. Company insiders own 0.26% of the company’s stock.
Shares of Trinseo S.A. (TSE) traded up $0.35 during midday trading on Friday, reaching $72.60. 91,925 shares of the company’s stock were exchanged, compared to its average volume of 424,463. Trinseo S.A. has a twelve month low of $56.50 and a twelve month high of $73.70. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78. The company has a market capitalization of $3,157.66, a PE ratio of 9.42, a P/E/G ratio of 1.18 and a beta of 2.36.
Trinseo S.A. (NYSE:TSE) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.04). Trinseo S.A. had a net margin of 6.78% and a return on equity of 65.80%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. sell-side analysts forecast that Trinseo S.A. will post 7.64 earnings per share for the current year.
TSE has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Trinseo S.A. from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and issued a $82.00 price objective on shares of Trinseo S.A. in a research report on Tuesday, August 29th. Citigroup Inc. decreased their price objective on shares of Trinseo S.A. from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. BidaskClub cut shares of Trinseo S.A. from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Barclays PLC increased their price target on shares of Trinseo S.A. from $73.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $77.00.
Trinseo S.A. 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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