Rockshelter Capital Management LLC Boosts Holdings in Trinseo S.A. (TSE)

Rockshelter Capital Management LLC grew its stake in shares of Trinseo S.A. (NYSE:TSE) by 0.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 153,236 shares of the basic materials company’s stock after buying an additional 85 shares during the quarter. Trinseo makes up 3.2% of Rockshelter Capital Management LLC’s holdings, making the stock its 16th biggest holding. Rockshelter Capital Management LLC owned approximately 0.35% of Trinseo worth $10,527,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSE. Karp Capital Management Corp bought a new stake in shares of Trinseo during the first quarter worth $564,000. Parametric Portfolio Associates LLC grew its stake in shares of Trinseo by 25.2% during the first quarter. Parametric Portfolio Associates LLC now owns 87,679 shares of the basic materials company’s stock worth $5,883,000 after buying an additional 17,653 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Trinseo during the first quarter worth $154,000. Envestnet Asset Management Inc. grew its stake in shares of Trinseo by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the basic materials company’s stock worth $269,000 after buying an additional 213 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Trinseo during the first quarter worth $710,000. 97.81% of the stock is currently owned by hedge funds and other institutional investors.

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TSE has been the topic of a number of research reports. Citigroup Inc. decreased their target price on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $82.00 price objective on shares of Trinseo in a research note on Tuesday, August 29th. BidaskClub cut shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Trinseo from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC reduced their price objective on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $75.80.

In related news, Director Jeffrey J. Cote sold 5,000 shares of Trinseo stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total value of $325,050.00. Following the transaction, the director now owns 15,640 shares in the company, valued at approximately $1,016,756.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the completion of the transaction, the insider now owns 265,240 shares in the company, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,399 shares of company stock worth $4,177,335. 0.65% of the stock is owned by corporate insiders.

Shares of Trinseo S.A. (NYSE TSE) traded down 1.33% during mid-day trading on Wednesday, hitting $66.95. 313,362 shares of the company traded hands. The stock has a market capitalization of $2.93 billion, a PE ratio of 9.46 and a beta of 2.37. Trinseo S.A. has a 1-year low of $44.70 and a 1-year high of $72.60. The firm’s 50 day moving average price is $67.05 and its 200-day moving average price is $66.12.

Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.41). The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. Trinseo’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. On average, equities research analysts forecast that Trinseo S.A. will post $6.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, October 6th. Trinseo’s payout ratio is presently 20.34%.

Trinseo announced that its Board of Directors has initiated a share repurchase program on Thursday, June 22nd that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the basic materials company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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