Trinseo PLC (NYSE:TSE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Trinseo PLC (NYSE:TSE) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 388,751 shares of the basic materials company’s stock after purchasing an additional 2,820 shares during the quarter. Geode Capital Management LLC’s holdings in Trinseo were worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Trinseo by 10.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company’s stock valued at $2,199,000 after buying an additional 40,588 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in shares of Trinseo in the 4th quarter worth $1,785,000. Virtu Financial LLC acquired a new stake in shares of Trinseo in the 4th quarter worth $166,000. LPL Financial LLC purchased a new position in shares of Trinseo in the 4th quarter valued at about $102,000. Finally, SG Americas Securities LLC purchased a new position in Trinseo during the 4th quarter valued at about $51,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Trading Down 2.0 %

NYSE:TSE opened at $3.98 on Wednesday. The firm has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $4.44. Trinseo PLC has a twelve month low of $1.94 and a twelve month high of $7.05. The company has a market capitalization of $141.21 million, a P/E ratio of -0.40 and a beta of 1.54.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). On average, equities research analysts predict that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, April 10th. Trinseo’s dividend payout ratio (DPR) is currently -0.41%.

About Trinseo

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.