Hsbc Holdings PLC Has $759,000 Stock Position in Trinseo S.A. (NYSE:TSE)


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Hsbc Holdings PLC lessened its holdings in Trinseo S.A. (NYSE:TSE) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,648 shares of the basic materials company’s stock after selling 3,113 shares during the quarter. Hsbc Holdings PLC’s holdings in Trinseo were worth $759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Trinseo by 7.5% in the 4th quarter. Principal Financial Group Inc. now owns 398,241 shares of the basic materials company’s stock valued at $20,394,000 after acquiring an additional 27,832 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in shares of Trinseo in the fourth quarter valued at approximately $1,016,000. Cim Investment Mangement Inc. bought a new position in Trinseo in the 4th quarter valued at approximately $320,000. Morgan Stanley boosted its position in Trinseo by 10.2% during the 4th quarter. Morgan Stanley now owns 133,805 shares of the basic materials company’s stock worth $6,851,000 after buying an additional 12,388 shares during the period. Finally, Guggenheim Capital LLC bought a new stake in Trinseo during the 4th quarter worth approximately $214,000. Institutional investors own 94.77% of the company’s stock.

In related news, SVP Angelo N. Chaclas sold 15,884 shares of the company’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $65.22, for a total transaction of $1,035,954.48. Also, major shareholder M&G Investment Management Ltd sold 2,000 shares of the stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $54.98, for a total transaction of $109,960.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,844 shares of company stock worth $5,448,767. Company insiders own 2.20% of the company’s stock.

TSE opened at $63.85 on Thursday. The firm has a 50-day moving average price of $66.60 and a 200-day moving average price of $48.51. Trinseo S.A. has a twelve month low of $15.76 and a twelve month high of $76.49. The company has a quick ratio of 2.30, a current ratio of 2.98 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -45.28 and a beta of 1.73.

Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, February 3rd. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.06. Trinseo had a negative net margin of 1.74% and a positive return on equity of 3.70%. The business had revenue of $860.20 million for the quarter, compared to analysts’ expectations of $797.11 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts expect that Trinseo S.A. will post 1.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Wednesday, April 7th. Trinseo’s payout ratio is presently 10.22%.

Several research analysts have recently weighed in on the company. Citigroup lifted their price objective on Trinseo from $54.00 to $60.00 in a research report on Monday, February 8th. Zacks Investment Research downgraded shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Alembic Global Advisors lifted their price target on shares of Trinseo from $60.00 to $80.00 in a research note on Monday, March 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Trinseo has a consensus rating of “Hold” and an average price target of $49.29.

Trinseo Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in the United States, Europe, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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