O Shaughnessy Asset Management LLC purchased a new position in Trinseo S.A. (NYSE:TSE) during the fourth quarter, Holdings Channel reports. The fund purchased 144,564 shares of the company’s stock, valued at approximately $8,573,000.
A number of other institutional investors also recently modified their holdings of the company. Newgate Capital Management LLC boosted its position in shares of Trinseo by 3.7% in the second quarter. Newgate Capital Management LLC now owns 14,356 shares of the company’s stock worth $612,000 after buying an additional 515 shares in the last quarter. Towle & Co. boosted its position in shares of Trinseo by 0.5% in the second quarter. Towle & Co. now owns 712,152 shares of the company’s stock worth $30,573,000 after buying an additional 3,530 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Trinseo by 31.5% in the second quarter. Neuberger Berman Group LLC now owns 19,405 shares of the company’s stock worth $833,000 after buying an additional 4,650 shares in the last quarter. Bailard Inc. bought a new position in shares of Trinseo during the second quarter worth $1,764,000. Finally, Alambic Investment Management L.P. boosted its position in shares of Trinseo by 23.8% in the second quarter. Alambic Investment Management L.P. now owns 58,870 shares of the company’s stock worth $2,527,000 after buying an additional 11,320 shares in the last quarter.
Shares of Trinseo S.A. (NYSE:TSE) traded up 0.107% during midday trading on Tuesday, hitting $70.225. The stock had a trading volume of 357,519 shares. The company has a market capitalization of $3.14 billion, a PE ratio of 11.990 and a beta of 2.47. Trinseo S.A. has a one year low of $23.97 and a one year high of $70.95. The firm’s 50-day moving average is $64.21 and its 200 day moving average is $57.52.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Wednesday, January 11th were given a dividend of $0.30 per share. The ex-dividend date was Monday, January 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. Trinseo’s dividend payout ratio is currently 20.44%.
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Several equities analysts have weighed in on TSE shares. Zacks Investment Research cut Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo in a research note on Wednesday, November 2nd. Barclays PLC reaffirmed a “hold” rating and set a $55.00 target price on shares of Trinseo in a research note on Monday, November 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 target price on shares of Trinseo in a research note on Thursday, November 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.00.
In related news, insider Christopher D. Pappas sold 20,000 shares of the business’s stock in a transaction on Friday, January 13th. The stock was sold at an average price of $62.84, for a total transaction of $1,256,800.00. Following the sale, the insider now owns 237,545 shares in the company, valued at approximately $14,927,327.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.
Trinseo Company Profile
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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