Principal Financial Group Inc. raised its stake in shares of Trinseo SA (NYSE:TSE) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,313 shares of the company’s stock after buying an additional 52,230 shares during the period. Principal Financial Group Inc. owned approximately 0.87% of Trinseo SA worth $17,272,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Quaker Capital Investments LLC raised its stake in shares of 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. Towle & Co. raised its stake in shares of Trinseo SA by 0.5% in the second quarter. Towle & Co. now owns 712,152 shares of the company’s stock valued at $30,573,000 after buying an additional 3,530 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Trinseo SA by 187.0% in the second quarter. JPMorgan Chase & Co. now owns 698,852 shares of the company’s stock valued at $30,001,000 after buying an additional 455,391 shares during the last quarter. AJO LP acquired a new stake in shares of Trinseo SA during the second quarter valued at approximately $24,783,000. Finally, DSAM Partners London Ltd raised its stake in shares of Trinseo SA by 89.3% in the second quarter. DSAM Partners London Ltd now owns 456,603 shares of the company’s stock valued at $19,602,000 after buying an additional 215,359 shares during the last quarter.
Shares of Trinseo SA (NYSE:TSE) traded up 1.25% during trading on Wednesday, reaching $55.11. The company’s stock had a trading volume of 58,896 shares. The firm’s 50-day moving average price is $56.20 and its 200-day moving average price is $47.85. Trinseo SA has a one year low of $21.92 and a one year high of $60.02. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 10.06 and a beta of 2.45.
Trinseo SA (NYSE:TSE) last issued its earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, beating the 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 period in the previous year, the business posted $1.61 earnings per share. On average, equities analysts anticipate that Trinseo SA will post $7.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, October 7th. Trinseo SA’s dividend payout ratio is currently 21.82%.
A number of research analysts recently weighed in on TSE shares. Deutsche Bank AG upped their price target on Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Morgan Stanley reissued a “hold” rating and issued a $48.00 price objective on shares of Trinseo SA in a research note on Thursday, June 16th. Finally, Citigroup Inc. increased their price objective on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.57.
In related news, Director Ruth Springham sold 10,669,567 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.
About Trinseo SA