7,500 Shares in Trinseo S.A. (TSE) Purchased by Korea Investment CORP
Korea Investment CORP bought a new position in Trinseo S.A. (NYSE:TSE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,500 shares of the basic materials company’s stock, valued at approximately $532,000.
A number of other large investors have also recently added to or reduced their stakes in the business. First Quadrant L P CA purchased a new position in shares of Trinseo in the second quarter valued at $117,000. Legacy Financial Advisors Inc. purchased a new position in shares of Trinseo in the second quarter valued at $125,000. Jane Street Group LLC purchased a new position in shares of Trinseo in the first quarter valued at $202,000. Teza Capital Management LLC purchased a new position in shares of Trinseo in the first quarter valued at $209,000. Finally, Quantbot Technologies LP purchased a new position in shares of Trinseo in the first quarter valued at $248,000. 96.59% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. MED reiterated a “buy” rating and issued a $90.00 price target on shares of Trinseo in a research report on Thursday, August 2nd. ValuEngine cut Trinseo from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $89.00.
NYSE:TSE opened at $76.00 on Tuesday. The firm has a market cap of $3.17 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.67 and a beta of 2.21. Trinseo S.A. has a 52-week low of $65.90 and a 52-week high of $85.35. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.87 and a quick ratio of 2.01.
Trinseo (NYSE:TSE) last posted its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.22. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. Trinseo had a return on equity of 59.09% and a net margin of 8.11%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. equities research analysts anticipate that Trinseo S.A. will post 9.31 EPS for the current year.
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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