Systematic Financial Management LP increased its stake in shares of Trinseo S.A. (NYSE:TSE) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,450 shares of the basic materials company’s stock after acquiring an additional 1,969 shares during the quarter. Systematic Financial Management LP’s holdings in Trinseo were worth $19,454,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of TSE. First Quadrant L P CA bought a new position in shares of Trinseo in the second quarter valued at $117,000. Legacy Financial Advisors Inc. bought a new position in shares of Trinseo in the second quarter valued at $125,000. Jane Street Group LLC bought a new position in shares of Trinseo in the first quarter valued at $202,000. Wilen Investment Management CORP. lifted its stake in shares of Trinseo by 34.8% in the second quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock valued at $287,000 after buying an additional 973 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Trinseo in the second quarter valued at $295,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on TSE shares. Zacks Investment Research lowered shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th. ValuEngine lowered shares of Trinseo from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. Citigroup dropped their price objective on shares of Trinseo from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 10th. Alembic Global Advisors set a $75.00 price objective on shares of Trinseo and gave the company a “buy” rating in a research note on Monday. Finally, Barclays dropped their price objective on shares of Trinseo from $88.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Trinseo presently has a consensus rating of “Hold” and a consensus price target of $81.13.
Trinseo (NYSE:TSE) last announced its earnings results on Thursday, November 8th. The basic materials company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Trinseo had a net margin of 8.82% and a return on equity of 54.06%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.18 earnings per share. On average, equities research analysts anticipate that Trinseo S.A. will post 8.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $1.60 annualized dividend and a dividend yield of 3.29%. Trinseo’s dividend payout ratio is currently 19.68%.
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Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.
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