As Trinseo S.A. (TSE) Market Value Rose, Prudential Plc Has Upped by $17.59 Million Its Position

May 18, 2018 - By Lynda A. Deweese

Trinseo S.A. (NYSE:TSE) Logo

Prudential Plc increased its stake in Trinseo S.A. (TSE) by 6.46% based on its latest 2017Q4 regulatory filing with the SEC. Prudential Plc bought 244,366 shares as the company’s stock rose 2.41% while stock markets declined. The hedge fund held 4.03 million shares of the major chemicals company at the end of 2017Q4, valued at $292.38 million, up from 3.78M at the end of the previous reported quarter. Prudential Plc who had been investing in Trinseo S.A. for a number of months, seems to be bullish on the $3.30B market cap company. The stock increased 0.59% or $0.45 during the last trading session, reaching $76.4. About 63,444 shares traded. Trinseo S.A. (NYSE:TSE) has risen 14.64% since May 18, 2017 and is uptrending. It has outperformed by 3.09% the S&P500.

Prudential Plc, which manages about $98.23B and $32.83 billion US Long portfolio, decreased its stake in Caterpillar Inc (NYSE:CAT) by 274,126 shares to 1.53 million shares, valued at $241.38 million in 2017Q4, according to the filing. It also reduced its holding in Ishares Msci Acwi Et (ACWI) by 121,860 shares in the quarter, leaving it with 805,470 shares, and cut its stake in Alibaba Group Holdin (NYSE:BABA).

More recent Trinseo S.A. (NYSE:TSE) news were published by: Seekingalpha.com which released: “Trinseo SA 2018 Q1 – Results – Earnings Call Slides” on May 03, 2018. Also Seekingalpha.com published the news titled: “Trinseo’s (TSE) CEO Chris Pappas on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018. Seekingalpha.com‘s news article titled: “Trinseo’s Outlook Remains Positive” with publication date: May 03, 2018 was also an interesting one.

Trinseo S.A. (NYSE:TSE) Ratings Coverage

Among 5 analysts covering Trinseo (NYSE:TSE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Trinseo had 9 analyst reports since December 11, 2017 according to SRatingsIntel. The company was maintained on Monday, February 26 by Barclays Capital. Wells Fargo maintained Trinseo S.A. (NYSE:TSE) on Wednesday, January 17 with “Buy” rating. The company was maintained on Monday, March 26 by Alembic. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, February 1. The firm earned “Buy” rating on Friday, May 4 by Deutsche Bank. The firm has “Neutral” rating by Citigroup given on Thursday, February 22. The rating was maintained by Wells Fargo with “Outperform” on Wednesday, February 21. The firm has “Buy” rating by Alembic given on Monday, December 11.

Trinseo S.A. (NYSE:TSE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.