First Heartland Consultants Inc. maintained its stake in shares of Trinseo S.A. (NYSE:TSE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,920 shares of the basic materials company’s stock at the end of the first quarter. First Heartland Consultants Inc. owned 0.08% of Trinseo worth $2,410,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of TSE. Envestnet Asset Management Inc. raised its position in Trinseo by 17.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the basic materials company’s stock valued at $225,000 after buying an additional 572 shares in the last quarter. State Street Corp raised its stake in shares of Trinseo by 12.3% in the fourth quarter. State Street Corp now owns 563,935 shares of the basic materials company’s stock worth $33,440,000 after buying an additional 61,571 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Trinseo during the first quarter worth approximately $208,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Trinseo during the fourth quarter worth approximately $8,573,000. Finally, Martingale Asset Management L P raised its stake in shares of Trinseo by 17.1% in the fourth quarter. Martingale Asset Management L P now owns 17,311 shares of the basic materials company’s stock worth $1,027,000 after buying an additional 2,528 shares during the period.
Trinseo S.A. (NYSE:TSE) traded up 2.85% during midday trading on Monday, reaching $66.85. The company’s stock had a trading volume of 466,158 shares. The stock has a 50-day moving average price of $64.75 and a 200 day moving average price of $65.19. Trinseo S.A. has a 12 month low of $39.45 and a 12 month high of $72.60.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.15. The firm had revenue of $1.10 billion during the quarter. Trinseo had a net margin of 9.14% and a return on equity of 80.69%. On average, analysts predict that Trinseo S.A. will post $7.51 earnings per share for the current year.
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Several research firms have recently commented on TSE. Jefferies Group LLC reaffirmed a “buy” rating and issued a $82.00 target price on shares of Trinseo in a research report on Friday. Zacks Investment Research downgraded Trinseo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Trinseo presently has an average rating of “Hold” and an average target price of $66.00.
In other news, insider Christopher D. Pappas sold 15,000 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $64.17, for a total value of $962,550.00. Following the completion of the sale, the insider now directly owns 255,240 shares of the company’s stock, valued at $16,378,750.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $64.00, for a total transaction of $1,280,000.00. Following the completion of the sale, the insider now directly owns 260,240 shares of the company’s stock, valued at $16,655,360. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,000 shares of company stock valued at $5,882,950. Corporate insiders own 0.45% of the company’s stock.
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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