ARP Americas LP bought a new position in shares of Trinseo S.A. (NYSE:TSE) during the fourth quarter, Holdings Channel reports. The firm bought 7,900 shares of the basic materials company’s stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pearl River Capital LLC acquired a new position in shares of Trinseo in the fourth quarter worth $52,000. Ramsey Quantitative Systems acquired a new position in Trinseo in the fourth quarter valued at $162,000. Group One Trading L.P. increased its stake in Trinseo by 133.3% in the third quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 8,879 shares during the last quarter. First Mercantile Trust Co. increased its stake in Trinseo by 11.8% in the fourth quarter. First Mercantile Trust Co. now owns 3,800 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 400 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Trinseo in the third quarter valued at $200,000. Institutional investors own 96.11% of the company’s stock.

Trinseo stock opened at $45.60 on Friday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 0.58 and a beta of 2.10. Trinseo S.A. has a 52 week low of $42.10 and a 52 week high of $82.18. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of 1.51.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. Trinseo had a return on equity of 40.17% and a net margin of 6.32%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $2.14 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts predict that Trinseo S.A. will post 6.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Wednesday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.

Several equities analysts recently commented on the company. Citigroup set a $58.00 target price on Trinseo and gave the company a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. ValuEngine upgraded Trinseo from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Alembic Global Advisors set a $75.00 target price on Trinseo and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, Jefferies Financial Group lowered Trinseo from a “buy” rating to a “hold” rating and dropped their target price for the company from $80.00 to $55.00 in a research note on Friday, December 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Trinseo presently has a consensus rating of “Hold” and an average price target of $67.50.

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Trinseo Company Profile

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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

Read More: Cost of Debt

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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