SG Americas Securities LLC Takes Position in Trinseo PLC (NYSE:TSE)

SG Americas Securities LLC acquired a new stake in Trinseo PLC (NYSE:TSE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,097 shares of the basic materials company’s stock, valued at approximately $51,000.

A number of other institutional investors also recently modified their holdings of TSE. PFG Investments LLC bought a new stake in shares of Trinseo in the 3rd quarter valued at $52,000. FMR LLC boosted its stake in shares of Trinseo by 21.3% in the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock valued at $567,000 after purchasing an additional 19,477 shares during the last quarter. Whitebox Advisors LLC bought a new stake in shares of Trinseo in the 3rd quarter valued at $200,000. XTX Topco Ltd boosted its stake in shares of Trinseo by 19.1% in the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 14,180 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock valued at $1,973,000 after acquiring an additional 14,780 shares during the period. 82.69% of the stock is owned by institutional investors.

Trinseo Stock Up 0.4 %

Trinseo stock opened at $4.79 on Friday. Trinseo PLC has a 12-month low of $1.93 and a 12-month high of $7.05. The firm’s fifty day moving average is $4.77 and its 200 day moving average is $4.43. The company has a market capitalization of $169.57 million, a PE ratio of -0.34 and a beta of 1.54.

Trinseo (NYSE:TSE) last released its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). Sell-side analysts expect that Trinseo PLC will post -7.24 EPS for the current fiscal year.

Trinseo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.84%. Trinseo’s payout ratio is presently -0.28%.

Trinseo Company 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.