Trexquant Investment LP Purchases Shares of 4,686 Trinseo S.A. (TSE)

Trexquant Investment LP bought a new position in shares of Trinseo S.A. (NYSE:TSE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,686 shares of the basic materials company’s stock, valued at approximately $314,000.

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

Shares of Trinseo S.A. (NYSE:TSE) traded down $0.45 during trading hours on Wednesday, hitting $68.85. The stock had a trading volume of 548,600 shares, compared to its average volume of 592,590. The firm has a market capitalization of $3,028.74, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.13 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. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. research analysts anticipate that Trinseo S.A. will post 7.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, January 8th. Trinseo’s dividend payout ratio is presently 22.54%.

Several brokerages recently commented on TSE. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Thursday, November 9th. Jefferies Group increased their price target on Trinseo from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Barclays upped their target price on Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 7th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Trinseo in a research report on Tuesday, September 5th. Finally, ValuEngine raised Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.00.

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

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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