Systematic Financial Management LP boosted its position in shares of Trinseo S.A. (NYSE:TSE) by 109.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,084,770 shares of the company’s stock after buying an additional 567,075 shares during the period. Trinseo accounts for 1.0% of Systematic Financial Management LP’s holdings, making the stock its 13th largest position. Systematic Financial Management LP owned 2.43% of Trinseo worth $64,327,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TSE. DekaBank Deutsche Girozentrale purchased a new position in shares of Trinseo during the third quarter worth $105,000. BlackRock Japan Co. Ltd raised its stake in Trinseo by 76.1% in the third quarter. BlackRock Japan Co. Ltd now owns 2,743 shares of the company’s stock worth $155,000 after buying an additional 1,185 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Trinseo by 188.7% in the second quarter. Teacher Retirement System of Texas now owns 4,281 shares of the company’s stock worth $184,000 after buying an additional 2,798 shares during the last quarter. National Asset Management Inc. bought a new stake in Trinseo during the third quarter worth approximately $208,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Trinseo during the third quarter worth approximately $209,000.
Shares of Trinseo S.A. (NYSE:TSE) traded up 0.29% during mid-day trading on Monday, reaching $70.15. The company’s stock had a trading volume of 456,978 shares. The firm’s 50 day moving average is $63.93 and its 200-day moving average is $57.28. Trinseo S.A. has a 52-week low of $23.61 and a 52-week high of $70.95. The company has a market capitalization of $3.13 billion, a PE ratio of 11.98 and a beta of 2.47.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Wednesday, January 11th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, January 9th. This represents a $1.20 annualized dividend and a yield of 1.71%. Trinseo’s payout ratio is 20.44%.
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A number of analysts recently commented on TSE shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo in a research note on Wednesday, November 2nd. Zacks Investment Research lowered Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 5th. Barclays PLC reaffirmed a “hold” rating and set a $55.00 price objective 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 price objective on shares of Trinseo in a research note on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Trinseo currently has a consensus rating of “Hold” and an average target price of $52.00.
In related news, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction that occurred 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 completion of 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 SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.
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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