United Services Automobile Association boosted its position in shares of Trinseo S.A. (NYSE:TSE) by 53.0% in the second quarter, Holdings Channel reports. The fund owned 64,099 shares of the basic materials company’s stock after purchasing an additional 22,194 shares during the quarter. United Services Automobile Association’s holdings in Trinseo were worth $4,548,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. First Quadrant L P CA purchased a new position in shares of Trinseo in the second quarter worth $117,000. Legacy Financial Advisors Inc. purchased a new position in shares of Trinseo in the second quarter worth $125,000. Jane Street Group LLC purchased a new position in shares of Trinseo in the first quarter worth $202,000. Wilen Investment Management CORP. purchased a new position in shares of Trinseo in the first quarter worth $206,000. Finally, Teza Capital Management LLC purchased a new position in shares of Trinseo in the first quarter worth $209,000. 96.59% of the stock is owned by institutional investors.
A number of research firms have issued reports on TSE. Zacks Investment Research cut shares of Trinseo from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. ValuEngine raised shares of Trinseo from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, MED reaffirmed a “buy” rating and issued a $90.00 price target on shares of Trinseo in a report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Trinseo presently has an average rating of “Buy” and an average price target of $89.00.
NYSE:TSE opened at $75.10 on Wednesday. The firm has a market capitalization of $3.29 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.69 and a beta of 2.22. Trinseo S.A. has a 1-year low of $65.90 and a 1-year high of $85.35. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 1.45.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.22. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. research analysts predict that Trinseo S.A. will post 9.31 EPS for the current fiscal year.
In other news, insider Catherine C. Keenan sold 1,643 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total value of $128,071.85. Following the sale, the insider now owns 6,534 shares in the company, valued at $509,325.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.
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