Barclays PLC Raises Stock Position in Trinseo PLC (NYSE:TSE)

Barclays PLC lifted its holdings in Trinseo PLC (NYSE:TSE) by 48.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,352 shares of the basic materials company’s stock after acquiring an additional 15,786 shares during the period. Barclays PLC’s holdings in Trinseo were worth $247,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd bought a new position in shares of Trinseo in the 4th quarter valued at about $36,000. Rhumbline Advisers lifted its stake in Trinseo by 103.2% in the fourth quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 4,002 shares during the last quarter. SG Americas Securities LLC bought a new stake in Trinseo in the fourth quarter worth about $51,000. LPL Financial LLC bought a new stake in Trinseo in the fourth quarter worth about $102,000. Finally, Virtu Financial LLC bought a new stake in Trinseo in the fourth quarter worth about $166,000. Institutional investors own 82.69% of the company’s stock.

Trinseo Price Performance

Shares of NYSE TSE opened at $2.55 on Monday. The company has a market cap of $90.91 million, a P/E ratio of -0.26 and a beta of 1.54. Trinseo PLC has a 1 year low of $1.94 and a 1 year high of $7.05. The firm has a 50-day simple moving average of $3.79 and a two-hundred day simple moving average of $4.33.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($1.37) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.03. The company had revenue of $784.80 million for the quarter, compared to the consensus estimate of $980.01 million. As a group, equities research analysts expect that Trinseo PLC will post -3.88 EPS for the current year.

Trinseo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, April 10th. Trinseo’s payout ratio is -0.41%.

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.