Los Angeles Capital Management & Equity Research Inc. Has $1.01 Million Holdings in Trinseo S.A. (TSE)

Los Angeles Capital Management & Equity Research Inc. lessened its holdings in Trinseo S.A. (NYSE:TSE) by 40.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,834 shares of the basic materials company’s stock after selling 8,594 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Trinseo were worth $1,005,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSE. Boston Partners increased its stake in Trinseo by 18.1% in the 2nd quarter. Boston Partners now owns 2,970,617 shares of the basic materials company’s stock worth $210,765,000 after buying an additional 454,842 shares in the last quarter. American Century Companies Inc. increased its stake in Trinseo by 3,823.5% in the 3rd quarter. American Century Companies Inc. now owns 288,968 shares of the basic materials company’s stock worth $22,626,000 after buying an additional 281,603 shares in the last quarter. Wells Fargo & Company MN increased its stake in Trinseo by 73.3% in the 3rd quarter. Wells Fargo & Company MN now owns 492,704 shares of the basic materials company’s stock worth $38,578,000 after buying an additional 208,345 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Trinseo by 64.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 434,800 shares of the basic materials company’s stock worth $30,849,000 after buying an additional 170,800 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Trinseo by 1,895.0% in the 2nd quarter. Marshall Wace LLP now owns 146,274 shares of the basic materials company’s stock worth $10,378,000 after buying an additional 138,942 shares in the last quarter. Institutional investors and hedge funds own 98.06% of the company’s stock.

TSE opened at $48.20 on Friday. Trinseo S.A. has a 52 week low of $44.06 and a 52 week high of $85.35. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 5.93, a P/E/G ratio of 0.48 and a beta of 2.50. The company has a quick ratio of 1.93, a current ratio of 2.86 and a debt-to-equity ratio of 1.41.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.03. Trinseo had a net margin of 8.82% and a return on equity of 52.61%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $2.18 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that Trinseo S.A. will post 8.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Wednesday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Tuesday, October 9th. Trinseo’s payout ratio is 19.68%.

A number of brokerages have issued reports on TSE. MED reiterated a “buy” rating and issued a $90.00 price target on shares of Trinseo in a research note on Thursday, August 2nd. Barclays cut their price target on Trinseo from $88.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday, October 11th. ValuEngine raised shares of Trinseo from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Citigroup dropped their price objective on shares of Trinseo from $80.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, October 10th. Finally, Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Trinseo presently has a consensus rating of “Buy” and an average price target of $78.00.

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Trinseo Company Profile

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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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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