New York State Common Retirement Fund Has $9.35 Million Stake in Trinseo S.A. (TSE)

New York State Common Retirement Fund lessened its stake in shares of Trinseo S.A. (NYSE:TSE) by 42.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,349 shares of the basic materials company’s stock after selling 101,149 shares during the period. New York State Common Retirement Fund owned 0.32% of Trinseo worth $9,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tocqueville Asset Management L.P. raised its holdings in Trinseo by 30.5% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 4,779 shares of the basic materials company’s stock valued at $328,000 after buying an additional 1,116 shares during the period. Dupont Capital Management Corp raised its holdings in Trinseo by 25.6% in the 3rd quarter. Dupont Capital Management Corp now owns 41,377 shares of the basic materials company’s stock valued at $2,776,000 after buying an additional 8,430 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Trinseo in the 3rd quarter valued at about $161,000. IndexIQ Advisors LLC raised its holdings in Trinseo by 83.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 12,916 shares of the basic materials company’s stock valued at $867,000 after buying an additional 5,865 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in Trinseo in the 2nd quarter valued at about $964,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

Shares of Trinseo S.A. (TSE) opened at $73.25 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.78 and a current ratio of 2.59. The stock has a market cap of $3,162.03, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.18 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 issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. sell-side analysts anticipate that Trinseo S.A. will post 7.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, January 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.97%. Trinseo’s dividend payout ratio (DPR) is presently 22.54%.

Several analysts recently issued reports on the stock. Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a report on Tuesday, September 5th. BidaskClub upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Jefferies Group boosted their price objective on shares of Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 6th. ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, November 9th. Three 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 company. Trinseo has an average rating of “Buy” and a consensus price target of $77.00.

In other Trinseo news, insider David Phillip Stasse sold 10,043 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the sale, the insider now directly owns 28,684 shares in the company, valued at $2,041,440.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

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Trinseo 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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