BlackRock Advisors LLC raised its position in shares of Trinseo SA (NYSE:TSE) by 171.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,463 shares of the company’s stock after buying an additional 76,007 shares during the period. BlackRock Advisors LLC owned about 0.26% of Trinseo SA worth $5,171,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. AJO LP bought a new stake in Trinseo SA during the second quarter valued at $24,783,000. Vanguard Group Inc. increased its stake in Trinseo SA by 36.3% in the second quarter. Vanguard Group Inc. now owns 1,936,384 shares of the company’s stock valued at $83,128,000 after buying an additional 515,505 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Trinseo SA by 187.0% in the second quarter. JPMorgan Chase & Co. now owns 698,852 shares of the company’s stock valued at $30,001,000 after buying an additional 455,391 shares during the last quarter. Anchor Bolt Capital LP bought a new stake in Trinseo SA during the first quarter valued at $14,009,000. Finally, Goldman Sachs Group Inc. increased its stake in Trinseo SA by 425.7% in the first quarter. Goldman Sachs Group Inc. now owns 395,534 shares of the company’s stock valued at $14,559,000 after buying an additional 320,297 shares during the last quarter.
Trinseo SA (NYSE:TSE) opened at 54.53 on Monday. Trinseo SA has a 12-month low of $21.92 and a 12-month high of $60.02. The stock’s 50 day moving average price is $55.47 and its 200 day moving average price is $48.63. The company has a market capitalization of $2.53 billion, a PE ratio of 9.95 and a beta of 2.45.
Trinseo SA (NYSE:TSE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.65. Trinseo SA had a net margin of 7.07% and a return on equity of 73.14%. During the same quarter last year, the business earned $1.61 EPS. On average, equities analysts anticipate that Trinseo SA will post $7.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, October 7th. Trinseo SA’s payout ratio is 21.82%.
TSE has been the topic of several recent research reports. Citigroup Inc. upped their price target on Trinseo SA from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Deutsche Bank AG upped their price objective on Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $47.57.
In related news, Director Ruth Springham sold 10,669,567 shares of Trinseo SA stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $54.05, for a total transaction of $576,690,096.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.
About Trinseo SA
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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