Virginia Retirement Systems ET AL purchased a new stake in shares of Trinseo SA (NYSE:TSE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,300 shares of the company’s stock, valued at approximately $1,301,000. Virginia Retirement Systems ET AL owned 0.07% of Trinseo SA as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of TSE. Suntrust Banks Inc. boosted its stake in Trinseo SA by 0.5% in the second quarter. Suntrust Banks Inc. now owns 20,859 shares of the company’s stock valued at $894,000 after buying an additional 102 shares during the period. Barclays PLC boosted its stake in Trinseo SA by 0.7% in the first quarter. Barclays PLC now owns 49,647 shares of the company’s stock valued at $1,788,000 after buying an additional 347 shares during the period. Newgate Capital Management LLC boosted its stake in Trinseo SA by 3.7% in the second quarter. Newgate Capital Management LLC now owns 14,356 shares of the company’s stock valued at $612,000 after buying an additional 515 shares during the period. Hancock Holding Co. boosted its stake in Trinseo SA by 3.0% in the first quarter. Hancock Holding Co. now owns 26,930 shares of the company’s stock valued at $991,000 after buying an additional 780 shares during the period. Finally, Quaker Capital Investments LLC boosted its stake in Trinseo SA by 0.3% in the first quarter. Quaker Capital Investments LLC now owns 886,020 shares of the company’s stock valued at $32,614,000 after buying an additional 2,500 shares during the period.
Trinseo SA (NYSE:TSE) opened at 58.11 on Thursday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.60 and a beta of 2.44. Trinseo SA has a 52-week low of $21.92 and a 52-week high of $60.02. The company’s 50-day moving average price is $55.87 and its 200 day moving average price is $47.20.
Trinseo SA (NYSE:TSE) last announced its earnings results on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $1.61 earnings per share. Equities research analysts predict that Trinseo SA will post $7.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders 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 dividend yield of 2.07%. The ex-dividend date is Friday, October 7th. Trinseo SA’s dividend payout ratio is 21.82%.
Several research firms have commented on TSE. Citigroup Inc. lifted their price target on Trinseo SA from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Deutsche Bank AG boosted their target price on Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley reiterated a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a report on Thursday, June 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.57.
In related news, Director Ruth Springham sold 10,669,567 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $54.05, for a total value of $576,690,096.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.
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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