Trade Report: The Prudential Financial Inc. Invests $5,418,000 in Trinseo SA (TSE)

The Prudential Financial Inc. Invests $5,418,000 in Trinseo SA (TSE)

Prudential Financial Inc. bought a new position in shares of Trinseo SA (NYSE:TSE) during the second quarter, Holdings Channel reports. The fund bought 126,200 shares of the company’s stock, valued at approximately $5,418,000. Prudential Financial Inc. owned about 0.27% of Trinseo SA at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSE. Hood River Capital Management LLC boosted its stake in shares of Trinseo SA by 47.4% in the second quarter. Hood River Capital Management LLC now owns 342,935 shares of the company’s stock worth $14,722,000 after buying an additional 110,208 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Trinseo SA by 121.4% in the second quarter. Ameriprise Financial Inc. now owns 160,039 shares of the company’s stock worth $6,870,000 after buying an additional 87,769 shares during the last quarter. Mitra Capital LLC acquired a new stake in shares of Trinseo SA during the first quarter worth approximately $2,201,000. Quantbot Technologies LP boosted its stake in shares of Trinseo SA by 514.3% in the second quarter. Quantbot Technologies LP now owns 5,344 shares of the company’s stock worth $229,000 after buying an additional 4,474 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Trinseo SA by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 321,176 shares of the company’s stock worth $13,789,000 after buying an additional 34,745 shares during the last quarter.

Trinseo SA (NYSE:TSE) traded down 2.31% during mid-day trading on Thursday, reaching $51.52. 37,702 shares of the company were exchanged. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 9.40 and a beta of 2.45. Trinseo SA has a one year low of $21.92 and a one year high of $60.02. The stock has a 50 day moving average of $55.69 and a 200-day moving average of $48.47.

Trinseo SA (NYSE:TSE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $1.61 earnings per share. On average, equities analysts expect that Trinseo SA will post $7.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.30 dividend. The ex-dividend date is Friday, October 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. Trinseo SA’s dividend payout ratio is presently 21.82%.

A number of analysts recently commented on TSE shares. Deutsche Bank AG restated a “buy” rating on shares of Trinseo SA in a research note on Wednesday, June 15th. Citigroup Inc. upped their price target on shares of Trinseo SA from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Finally, Morgan Stanley restated a “hold” rating and set a $48.00 price target on shares of Trinseo SA in a research note on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $47.57.

In other news, Director Ruth Springham sold 10,669,567 shares of Trinseo SA stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $54.05, for a total value of $576,690,096.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by insiders.

About Trinseo SA

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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