TVR Capital Management LP Acquires Shares of 39,700 Trinseo S.A. (TSE)

TVR Capital Management LP purchased a new position in shares of Trinseo S.A. (NYSE:TSE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,700 shares of the basic materials company’s stock, valued at approximately $2,728,000. Trinseo makes up 0.7% of TVR Capital Management LP’s holdings, making the stock its 29th largest holding. TVR Capital Management LP owned 0.09% of Trinseo at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. purchased a new stake in shares of Trinseo in the second quarter valued at $103,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Trinseo in the first quarter valued at $154,000. Royal Bank of Canada grew its position in shares of Trinseo by 47.7% in the second quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 843 shares during the period. Citigroup Inc. grew its position in shares of Trinseo by 10.7% in the second 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 during the period. Finally, C M Bidwell & Associates Ltd. grew its position in shares of Trinseo by 57.9% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,065 shares during the period. 97.83% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on TSE shares. ValuEngine downgraded Trinseo from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Trinseo in a research report on Tuesday, August 29th. BidaskClub upgraded Trinseo from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a $74.00 target price (up previously from $72.00) on shares of Trinseo in a report on Wednesday, August 9th. Finally, Alembic Global Advisors reiterated a “buy” rating on shares of Trinseo in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $74.80.

In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the completion of the transaction, the insider now directly owns 18,298 shares in the company, valued at approximately $1,232,919.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the sale, the insider now owns 265,240 shares of the company’s stock, valued at $18,842,649.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,399 shares of company stock valued at $4,177,335. 0.65% of the stock is owned by corporate insiders.

Shares of Trinseo S.A. (TSE) traded down 0.49% on Tuesday, hitting $71.00. The company’s stock had a trading volume of 163,080 shares. The stock’s 50 day moving average price is $67.69 and its 200 day moving average price is $66.20. Trinseo S.A. has a 52 week low of $44.70 and a 52 week high of $72.60. The stock has a market capitalization of $3.11 billion, a P/E ratio of 10.06 and a beta of 2.37.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.41). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $2.30 EPS. On average, analysts forecast that Trinseo S.A. will post $7.27 earnings per share for the current fiscal year.

Trinseo announced that its board has authorized a stock buyback program on Thursday, June 22nd that permits the company to buyback 2,000,000 shares. This buyback authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, October 6th. Trinseo’s dividend payout ratio is 20.34%.

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About Trinseo

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.

Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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