Schwab Charles Investment Management Inc. Buys 7,191 Shares of Trinseo S.A. (TSE)

Schwab Charles Investment Management Inc. increased its stake in shares of Trinseo S.A. (NYSE:TSE) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,531 shares of the basic materials company’s stock after buying an additional 7,191 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.66% of Trinseo worth $19,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Prudential PLC grew its stake in Trinseo by 105.0% during the 2nd quarter. Prudential PLC now owns 2,951,277 shares of the basic materials company’s stock worth $202,753,000 after buying an additional 1,511,738 shares during the last quarter. BlackRock Inc. grew its stake in Trinseo by 35.5% during the 2nd quarter. BlackRock Inc. now owns 2,917,369 shares of the basic materials company’s stock worth $200,423,000 after buying an additional 764,901 shares during the last quarter. Vanguard Group Inc. grew its stake in Trinseo by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,267,174 shares of the basic materials company’s stock worth $155,754,000 after buying an additional 65,208 shares during the last quarter. Alliancebernstein L.P. grew its stake in Trinseo by 6.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,849,959 shares of the basic materials company’s stock worth $127,092,000 after buying an additional 103,912 shares during the last quarter. Finally, LSV Asset Management grew its stake in Trinseo by 24.9% during the 2nd quarter. LSV Asset Management now owns 1,476,620 shares of the basic materials company’s stock worth $101,443,000 after buying an additional 294,600 shares during the last quarter. Hedge funds and other institutional investors own 96.92% of the company’s stock.

Trinseo S.A. (NYSE TSE) opened at $73.00 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.78 and a current ratio of 2.59. Trinseo S.A. has a 12-month low of $57.70 and a 12-month high of $75.20. The stock has a market capitalization of $3,175.17, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.19 and a beta of 2.33.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $1.70 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. sell-side analysts expect that Trinseo S.A. will post 7.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.44 annualized dividend and a dividend yield of 1.97%. Trinseo’s dividend payout ratio (DPR) is 22.54%.

TSE has been the subject of a number of analyst reports. Alembic Global Advisors reiterated a “buy” rating on shares of Trinseo in a research report on Monday, December 11th. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, November 9th. Barclays boosted their price target on Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 7th. Jefferies Group boosted their price target on Trinseo from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Trinseo has an average rating of “Buy” and an average price target of $77.00.

In other news, insider David Phillip Stasse sold 10,043 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $71.17, for a total value of $714,760.31. Following the completion of the sale, the insider now owns 28,684 shares in the company, valued at $2,041,440.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

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Trinseo Company Profile

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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