Impala Asset Management LLC Acquires Shares of 697,648 Trinseo S.A. (TSE)

Impala Asset Management LLC acquired a new position in shares of Trinseo S.A. (NYSE:TSE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 697,648 shares of the basic materials company’s stock, valued at approximately $46,812,000. Trinseo comprises 2.1% of Impala Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Impala Asset Management LLC owned 1.60% of Trinseo at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in Trinseo during the second quarter worth about $103,000. Canada Pension Plan Investment Board acquired a new stake in Trinseo during the third quarter worth about $161,000. Royal Bank of Canada boosted its stake in Trinseo by 47.7% during the second quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after buying an additional 843 shares during the period. Citigroup Inc. boosted its stake in Trinseo by 10.7% during the second quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after buying an additional 260 shares during the period. Finally, C M Bidwell & Associates Ltd. boosted its stake in Trinseo by 57.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,065 shares during the period. Hedge funds and other institutional investors own 96.92% of the company’s stock.

Shares of Trinseo S.A. (TSE) traded down $0.90 during mid-day trading on Monday, reaching $70.25. 186,864 shares of the company’s stock traded hands, compared to its average volume of 593,697. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $3,109.59, a price-to-earnings ratio of 9.28, a PEG ratio of 1.16 and a beta of 2.33. Trinseo S.A. has a one year low of $57.70 and a one year high of $75.20.

Trinseo (NYSE:TSE) last announced its earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $1.70 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. sell-side analysts anticipate that Trinseo S.A. will post 7.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, January 8th. Trinseo’s payout ratio is 22.54%.

In other news, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $68.50, for a total value of $1,712,500.00. Following the completion of the transaction, the insider now owns 265,240 shares of the company’s stock, valued at $18,168,940. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Phillip Stasse sold 10,043 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the completion of the transaction, the insider now directly owns 28,684 shares of the company’s stock, valued at approximately $2,041,440.28. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Several research analysts have weighed in on TSE shares. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and set a $82.00 target price on shares of Trinseo in a research note on Tuesday, August 29th. Citigroup lowered their target price on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, August 7th. Barclays increased their target price on shares of Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th. Finally, BidaskClub lowered shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $77.00.

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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.

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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