ClariVest Asset Management LLC raised its position in Trinseo SA (NYSE:TSE) by 16.8% during the second quarter, Holdings Channel reports. The fund owned 165,007 shares of the company’s stock after buying an additional 23,742 shares during the period. ClariVest Asset Management LLC’s holdings in Trinseo SA were worth $7,084,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TSE. Meeder Asset Management Inc. acquired a new stake in Trinseo SA during the first quarter worth about $164,000. Fox Run Management L.L.C. acquired a new stake in Trinseo SA during the second quarter worth about $236,000. Parkwood LLC acquired a new stake in Trinseo SA during the second quarter worth about $237,000. Acrospire Investment Management LLC acquired a new stake in Trinseo SA during the first quarter worth about $243,000. Finally, Acadian Asset Management LLC raised its stake in Trinseo SA by 155.2% in the second quarter. Acadian Asset Management LLC now owns 6,824 shares of the company’s stock worth $292,000 after buying an additional 4,150 shares during the last quarter.
Shares of Trinseo SA (NYSE:TSE) traded down 0.75% during midday trading on Thursday, hitting $54.29. 621,529 shares of the company were exchanged. Trinseo SA has a 52-week low of $21.92 and a 52-week high of $60.02. The company has a 50-day moving average price of $56.17 and a 200-day moving average price of $47.90. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.91 and a beta of 2.45.
Trinseo SA (NYSE:TSE) last released its earnings results on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.65. Trinseo SA had a return on equity of 73.14% and a net margin of 7.07%. During the same period in the prior year, the company earned $1.61 earnings per share. On average, analysts forecast that Trinseo SA will post $7.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, October 7th. Trinseo SA’s dividend payout ratio (DPR) is currently 21.82%.
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a report on Thursday, June 16th. Citigroup Inc. upped their target price on shares of Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo SA in a report on Wednesday, June 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Trinseo SA currently has an average rating of “Buy” and an average target price of $47.57.
In other Trinseo SA news, Director Ruth Springham sold 10,669,567 shares of the firm’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $54.05, for a total value of $576,690,096.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by company insiders.
Trinseo SA Company Profile
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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