Meeder Asset Management Inc. lowered its holdings in Trinseo S.A. (NYSE:TSE) by 71.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,498 shares of the basic materials company’s stock after selling 11,531 shares during the period. Meeder Asset Management Inc.’s holdings in Trinseo were worth $327,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management LLC grew its holdings in Trinseo by 0.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 9,700 shares of the basic materials company’s stock valued at $666,000 after purchasing an additional 40 shares in the last quarter. Citigroup Inc. grew its holdings in Trinseo by 10.7% during the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 260 shares in the last quarter. National Asset Management Inc. grew its holdings in Trinseo by 9.1% during the 2nd quarter. National Asset Management Inc. now owns 3,857 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 323 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Trinseo by 14.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,203 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 403 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Trinseo by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 756 shares in the last quarter. 96.98% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on TSE shares. Jefferies Group raised their price target on shares of Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barclays raised their price target on shares of Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of Trinseo from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Trinseo in a report on Monday, December 11th. Finally, ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Trinseo has an average rating of “Buy” and an average target price of $85.50.
Shares of Trinseo S.A. (TSE) opened at $74.70 on Friday. The firm has a market cap of $3,201.37, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.88 and a beta of 2.31. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05. Trinseo S.A. has a fifty-two week low of $57.70 and a fifty-two week high of $85.35.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, January 8th. Trinseo’s dividend payout ratio is currently 22.54%.
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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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