Charles Schwab Investment Management Inc. Has $2.69 Million Stock Holdings in Trinseo PLC (NYSE:TSE)

Charles Schwab Investment Management Inc. lowered its position in shares of Trinseo PLC (NYSE:TSE) by 48.6% in the fourth quarter, HoldingsChannel reports. The fund owned 526,924 shares of the basic materials company’s stock after selling 498,553 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Trinseo were worth $2,687,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Trinseo by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company’s stock worth $2,199,000 after purchasing an additional 40,588 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in Trinseo in the 3rd quarter valued at $200,000. FMR LLC lifted its position in Trinseo by 21.3% during the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock worth $567,000 after buying an additional 19,477 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $1,973,000 after buying an additional 14,780 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Trinseo by 19.1% during the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock worth $451,000 after buying an additional 14,180 shares during the last quarter. 82.69% of the stock is owned by institutional investors.

Trinseo Stock Performance

NYSE:TSE opened at $3.88 on Friday. Trinseo PLC has a 52-week low of $1.94 and a 52-week high of $7.05. The company has a market cap of $137.49 million, a P/E ratio of -0.39 and a beta of 1.44. The stock’s 50-day simple moving average is $4.56 and its 200 day simple moving average is $4.72.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.30) by ($0.37). As a group, equities analysts predict that Trinseo PLC will post -3.88 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.03%. The ex-dividend date is 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.