Perigon Wealth Management LLC Buys New Stake in Trinseo PLC (NYSE:TSE)

Perigon Wealth Management LLC bought a new position in shares of Trinseo PLC (NYSE:TSE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,999 shares of the basic materials company’s stock, valued at approximately $92,000.

A number of other hedge funds also recently bought and sold shares of TSE. Vanguard Group Inc. raised its stake in Trinseo by 3.0% during 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 lifted its stake in shares of Trinseo by 7.1% in the first quarter. State Street Corp now owns 1,493,866 shares of the basic materials company’s stock valued at $71,586,000 after buying an additional 98,697 shares during the period. Dimensional Fund Advisors LP grew its position in Trinseo by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,403,348 shares of the basic materials company’s stock worth $67,250,000 after buying an additional 9,706 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Trinseo by 21.2% during the third 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 acquiring an additional 210,857 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Trinseo by 0.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,553 shares of the basic materials company’s stock valued at $54,991,000 after acquiring an additional 9,281 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors.

Trinseo Trading Down 4.8 %

Shares of TSE stock opened at $2.75 on Friday. Trinseo PLC has a 12 month low of $2.72 and a 12 month high of $20.23. The stock has a 50 day moving average of $4.20 and a two-hundred day moving average of $5.78.

Trinseo (NYSE:TSE) last issued its earnings results on Monday, February 12th. The basic materials company reported ($2.99) EPS for the quarter, missing the consensus estimate of ($1.51) by ($1.48). The firm had revenue of $837.50 million during the quarter, compared to the consensus estimate of $884.14 million. Trinseo had a negative return on equity of 905.55% and a negative net margin of 19.08%. During the same period last year, the business earned ($1.72) earnings per share. On average, equities analysts anticipate that Trinseo PLC will post -4.91 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.04 dividend on an annualized basis and a yield of 1.45%. Trinseo’s 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.