Wilen Investment Management CORP. lifted its position in Trinseo S.A. (NYSE:TSE) by 34.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,773 shares of the basic materials company’s stock after purchasing an additional 973 shares during the quarter. Wilen Investment Management CORP.’s holdings in Trinseo were worth $287,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in TSE. First Quadrant L P CA bought a new position in shares of Trinseo in the second quarter worth $117,000. Legacy Financial Advisors Inc. purchased a new position in Trinseo in the second quarter worth $125,000. Jane Street Group LLC purchased a new position in Trinseo in the first quarter worth $202,000. Teza Capital Management LLC purchased a new position in Trinseo in the first quarter worth $209,000. Finally, Quantbot Technologies LP purchased a new position in Trinseo in the first quarter worth $248,000. 99.20% of the stock is currently owned by hedge funds and other institutional investors.
Trinseo remained flat at $$76.90 during trading on Monday, according to MarketBeat Ratings. 7,018 shares of the company’s stock traded hands, compared to its average volume of 272,259. The company has a current ratio of 2.87, a quick ratio of 1.81 and a debt-to-equity ratio of 1.45. Trinseo S.A. has a twelve month low of $58.05 and a twelve month high of $85.35. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.69 and a beta of 2.24.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 25th. Shareholders of record on Wednesday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.08%. This is a positive change from Trinseo’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, July 10th. Trinseo’s dividend payout ratio is presently 19.68%.
In other Trinseo news, insider David Phillip Stasse sold 6,613 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $76.72, for a total transaction of $507,349.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Catherine C. Keenan sold 1,643 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total transaction of $128,071.85. Following the sale, the insider now owns 6,534 shares of the company’s stock, valued at $509,325.30. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
TSE has been the subject of several research reports. Zacks Investment Research lowered shares of Trinseo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. MED reiterated a “buy” rating and issued a $90.00 target price on shares of Trinseo in a research report on Monday, July 9th. ValuEngine upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Deutsche Bank cut their target price on shares of Trinseo from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $89.00.
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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