BLB&B Advisors LLC maintained its stake in shares of Trinseo S.A. (NYSE:TSE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,093 shares of the basic materials company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Trinseo were worth $543,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Trinseo during the first quarter worth approximately $154,000. Ronald Blue & Co. LLC bought a new stake in shares of Trinseo during the first quarter worth approximately $205,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Trinseo during the first quarter worth approximately $208,000. Amalgamated Bank bought a new stake in shares of Trinseo during the first quarter worth approximately $224,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Trinseo by 17.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the basic materials company’s stock worth $225,000 after buying an additional 572 shares during the last quarter.
Trinseo S.A. (TSE) traded down 0.64% during mid-day trading on Friday, hitting $69.70. The company had a trading volume of 435,578 shares. The company has a 50-day moving average price of $67.37 and a 200 day moving average price of $66.60. The firm has a market capitalization of $3.07 billion, a P/E ratio of 9.04 and a beta of 2.40. Trinseo S.A. has a 12 month low of $44.70 and a 12 month high of $72.60.
Trinseo (NYSE:TSE) last released its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. The company had revenue of $1.10 billion during the quarter. Trinseo had a return on equity of 80.69% and a net margin of 9.14%. Equities analysts forecast that Trinseo S.A. will post $7.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th will be issued a $0.36 dividend. This is a boost from Trinseo’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. Trinseo’s dividend payout ratio is presently 18.60%.
Trinseo declared that its board has authorized a share repurchase program on Thursday, June 22nd that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
TRADEMARK VIOLATION NOTICE: “Trinseo S.A. (TSE) Position Held by BLB&B Advisors LLC” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/07/23/trinseo-s-a-tse-position-held-by-blbb-advisors-llc.html.
A number of brokerages have commented on TSE. Jefferies Group LLC restated a “buy” rating and issued a $82.00 price target on shares of Trinseo in a research report on Thursday, March 30th. Citigroup Inc. increased their target price on Trinseo from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Trinseo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, BidaskClub upgraded Trinseo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Trinseo presently has a consensus rating of “Buy” and an average price target of $69.40.
In related news, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $69.49, for a total value of $1,737,250.00. Following the completion of the transaction, the insider now owns 265,240 shares of the company’s stock, valued at approximately $18,431,527.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher D. Pappas sold 15,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $66.28, for a total value of $994,200.00. Following the completion of the transaction, the insider now directly owns 255,240 shares of the company’s stock, valued at approximately $16,917,307.20. The disclosure for this sale can be found here. Insiders sold a total of 100,000 shares of company stock valued at $6,657,650 in the last ninety days. 0.65% of the stock is currently owned by 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.
Want to see what other hedge funds are holding TSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinseo S.A. (NYSE:TSE).
Receive News & Ratings for Trinseo S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo S.A. and related companies with MarketBeat.com's FREE daily email newsletter.
