Todays Report: The Bank of Montreal Can Takes Position in Trinseo SA (TSE)

The Bank of Montreal Can Takes Position in Trinseo SA (TSE)

Bank of Montreal Can bought a new stake in shares of Trinseo SA (NYSE:TSE) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 123,234 shares of the company’s stock, valued at approximately $5,291,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quaker Capital Investments LLC increased its position in Trinseo SA by 0.3% in the first quarter. Quaker Capital Investments LLC now owns 886,020 shares of the company’s stock valued at $32,614,000 after buying an additional 2,500 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Trinseo SA by 425.7% in the first quarter. Goldman Sachs Group Inc. now owns 395,534 shares of the company’s stock valued at $14,559,000 after buying an additional 320,297 shares during the last quarter. Anchor Bolt Capital LP purchased a new position in Trinseo SA during the first quarter valued at about $14,009,000. Renaissance Technologies LLC increased its position in Trinseo SA by 103.3% in the first quarter. Renaissance Technologies LLC now owns 337,500 shares of the company’s stock valued at $12,423,000 after buying an additional 171,500 shares during the last quarter. Finally, Arrowgrass Capital Partners US LP purchased a new position in Trinseo SA during the first quarter valued at about $10,473,000.

Trinseo SA (NYSE:TSE) traded up 0.15% during midday trading on Wednesday, hitting $52.74. The stock had a trading volume of 979,448 shares. The stock has a 50 day moving average of $55.84 and a 200 day moving average of $48.44. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 9.62 and a beta of 2.45. Trinseo SA has a 12 month low of $21.92 and a 12 month high of $60.02.

Trinseo SA (NYSE:TSE) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.65. Trinseo SA had a net margin of 7.07% and a return on equity of 73.14%. During the same quarter in the previous year, the company posted $1.61 earnings per share. Analysts expect that Trinseo SA will post $7.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. Trinseo SA’s dividend payout ratio (DPR) is currently 21.82%.

Several equities analysts recently issued reports on TSE shares. Citigroup Inc. upped their target price on Trinseo SA from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Trinseo SA in a research report on Wednesday, June 15th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $48.00 price target on shares of Trinseo SA in a research report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.57.

In other news, Director Ruth Springham sold 10,669,567 shares of Trinseo SA stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $54.05, for a total transaction of $576,690,096.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Trinseo SA Company Profile

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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