Trinseo S.A. (TSE) Shares Bought by Sensato Investors LLC
Sensato Investors LLC raised its position in shares of Trinseo S.A. (NYSE:TSE) by 47.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,900 shares of the basic materials company’s stock after acquiring an additional 46,800 shares during the period. Trinseo makes up approximately 2.5% of Sensato Investors LLC’s investment portfolio, making the stock its 15th largest position. Sensato Investors LLC owned about 0.33% of Trinseo worth $9,955,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of TSE. Karp Capital Management Corp bought a new stake in shares of Trinseo during the first quarter worth approximately $564,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Trinseo by 25.2% during the first quarter. Parametric Portfolio Associates LLC now owns 87,679 shares of the basic materials company’s stock worth $5,883,000 after acquiring an additional 17,653 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Trinseo during the first quarter worth approximately $154,000. Envestnet Asset Management Inc. boosted its holdings in shares of Trinseo by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 213 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Trinseo during the first quarter worth approximately $710,000. Institutional investors own 97.81% of the company’s stock.
Shares of Trinseo S.A. (NYSE:TSE) traded up 0.87% during midday trading on Thursday, hitting $69.85. The company had a trading volume of 212,580 shares. Trinseo S.A. has a 12-month low of $44.70 and a 12-month high of $72.60. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 9.89 and a beta of 2.37. The company’s 50-day moving average price is $66.01 and its 200 day moving average price is $66.09.
Trinseo (NYSE:TSE) last released its quarterly earnings data 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). Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts predict that Trinseo S.A. will post $6.75 earnings per share for the current fiscal year.
Trinseo declared that its Board of Directors has approved a stock buyback plan on Thursday, June 22nd that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.44 dividend on an annualized basis and a yield of 2.08%. Trinseo’s dividend payout ratio is 20.34%.
In related news, insider Timothy M. Stedman sold 5,399 shares of Trinseo stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the completion of the transaction, the insider now directly owns 18,298 shares in the company, valued at approximately $1,232,919.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the completion of the transaction, the insider now owns 265,240 shares of the company’s stock, valued at $18,842,649.60. The disclosure for this sale can be found here. Insiders sold a total of 60,399 shares of company stock valued at $4,177,335 over the last quarter. 0.65% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on TSE shares. Citigroup Inc. reduced their price objective on Trinseo from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and set a $82.00 price objective on shares of Trinseo in a report on Tuesday, August 29th. BidaskClub cut Trinseo from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut Trinseo from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, 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. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Trinseo has an average rating of “Buy” and an average price target of $75.80.
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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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