Barclays PLC Has $1.96 Million Stock Holdings in Trinseo S.A. (NYSE:TSE)

Barclays PLC grew its holdings in Trinseo S.A. (NYSE:TSE) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,526 shares of the basic materials company’s stock after acquiring an additional 4,924 shares during the period. Barclays PLC owned 0.12% of Trinseo worth $1,956,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TSE. Versant Capital Management Inc acquired a new stake in shares of Trinseo in the third quarter worth about $25,000. Robeco Institutional Asset Management B.V. bought a new stake in Trinseo during the third quarter valued at about $33,000. Cerebellum GP LLC acquired a new stake in shares of Trinseo in the third quarter valued at about $36,000. Point72 Asset Management L.P. acquired a new stake in shares of Trinseo in the second quarter valued at about $42,000. Finally, LS Investment Advisors LLC bought a new position in shares of Trinseo in the third quarter worth about $51,000. 95.09% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the company. Deutsche Bank boosted their price objective on Trinseo from $38.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Zacks Investment Research raised Trinseo from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. ValuEngine lowered Trinseo from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley reduced their price objective on Trinseo from $49.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Finally, Citigroup cut Trinseo from a “neutral” rating to a “sell” rating and increased their price objective for the company from $32.00 to $35.00 in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $47.83.

NYSE:TSE opened at $35.70 on Friday. The firm’s 50-day moving average is $42.28 and its 200-day moving average is $39.33. Trinseo S.A. has a 52-week low of $27.36 and a 52-week high of $52.34. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.06 and a current ratio of 2.89. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 0.99 and a beta of 1.93.

Trinseo (NYSE:TSE) last released its earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.06). The company had revenue of $922.10 million during the quarter, compared to the consensus estimate of $1.02 billion. Trinseo had a net margin of 2.16% and a return on equity of 16.55%. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS. Equities analysts predict that Trinseo S.A. will post 3.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, January 8th. Trinseo’s payout ratio is presently 22.07%.

Trinseo Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

Further Reading: Management Fee

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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