Public Employees Retirement System of Ohio Grows Stock Position in Trinseo PLC (NYSE:TSE)

Public Employees Retirement System of Ohio increased its holdings in Trinseo PLC (NYSE:TSE) by 125.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,199 shares of the basic materials company’s stock after buying an additional 37,379 shares during the period. Public Employees Retirement System of Ohio owned about 0.19% of Trinseo worth $549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TSE. Vanguard Group Inc. raised its stake in Trinseo by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,744,891 shares of the basic materials company’s stock valued at $83,614,000 after purchasing an additional 50,488 shares during the last quarter. State Street Corp raised its stake in Trinseo by 7.1% in the 1st quarter. State Street Corp now owns 1,493,866 shares of the basic materials company’s stock valued at $71,586,000 after purchasing an additional 98,697 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Trinseo by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,348 shares of the basic materials company’s stock valued at $67,250,000 after purchasing an additional 9,706 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Trinseo by 21.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,203,567 shares of the basic materials company’s stock valued at $9,833,000 after purchasing an additional 210,857 shares during the last quarter. Finally, Towle & Co. raised its stake in Trinseo by 3.9% in the 2nd quarter. Towle & Co. now owns 1,185,664 shares of the basic materials company’s stock valued at $15,022,000 after purchasing an additional 45,030 shares during the last quarter. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

Trinseo Trading Up 6.2 %

Shares of TSE stock opened at $3.44 on Thursday. The firm has a 50-day moving average price of $5.00 and a 200 day moving average price of $6.31. Trinseo PLC has a twelve month low of $3.23 and a twelve month high of $22.67. The company has a market capitalization of $121.29 million, a price-to-earnings ratio of -0.17 and a beta of 1.56. The company has a current ratio of 1.78, a quick ratio of 1.17 and a debt-to-equity ratio of 108.42.

Trinseo (NYSE:TSE) last posted its quarterly earnings data on Monday, February 12th. The basic materials company reported ($2.99) EPS for the quarter, missing analysts’ consensus estimates of ($1.51) by ($1.48). Trinseo had a negative net margin of 19.08% and a negative return on equity of 905.55%. The company had revenue of $837.50 million for the quarter, compared to analyst estimates of $884.14 million. During the same period in the prior year, the company earned ($1.72) EPS. Research analysts forecast that Trinseo PLC will post -4.91 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Wednesday, April 3rd. Trinseo’s dividend payout ratio is currently -0.20%.

Trinseo Profile

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.