Quantbot Technologies LP Takes Position in Trinseo S.A. (TSE)

Quantbot Technologies LP purchased a new stake in shares of Trinseo S.A. (NYSE:TSE) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 19,580 shares of the basic materials company’s stock, valued at approximately $1,313,000.

A number of other large investors also recently bought and sold shares of TSE. Ameritas Investment Partners Inc. bought a new stake in Trinseo during the first quarter valued at $154,000. Quantitative Systematic Strategies LLC bought a new stake in Trinseo during the first quarter valued at $208,000. Frontier Wealth Management LLC bought a new stake in Trinseo during the fourth quarter valued at $203,000. Tocqueville Asset Management L.P. bought a new stake in Trinseo during the first quarter valued at $246,000. Finally, National Asset Management Inc. bought a new stake in Trinseo during the third quarter valued at $208,000.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

Trinseo S.A. (NYSE:TSE) traded up 4.23% on Friday, reaching $66.55. 774,883 shares of the company traded hands. Trinseo S.A. has a one year low of $39.45 and a one year high of $72.60. The company has a market capitalization of $2.93 billion, a PE ratio of 8.63 and a beta of 2.47. The stock’s 50 day moving average price is $65.21 and its 200 day moving average price is $63.54.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. The business had revenue of $1.10 billion during the quarter. Trinseo had a net margin of 7.65% and a return on equity of 76.25%. On average, equities research analysts predict that Trinseo S.A. will post $7.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.88%. Trinseo’s dividend payout ratio is currently 20.44%.

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A number of brokerages have recently issued reports on TSE. Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Trinseo in a report on Thursday, March 30th. Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Saturday, February 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

In other news, insider Angelo N. Chaclas sold 23,771 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $71.40, for a total transaction of $1,697,249.40. Following the sale, the insider now owns 37,260 shares of the company’s stock, valued at approximately $2,660,364. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider E. Jeffery Denton sold 15,348 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $71.15, for a total transaction of $1,092,010.20. Following the sale, the insider now directly owns 34,789 shares in the company, valued at approximately $2,475,237.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,119 shares of company stock valued at $9,429,510. 0.45% of the stock is owned by company insiders.

About Trinseo

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.

12 Month Chart for NYSE:TSE

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