Trinseo PLC (NYSE:TSE) Shares Acquired by Fmr LLC

Fmr LLC increased its holdings in shares of Trinseo PLC (NYSE:TSE) by 21.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,896 shares of the basic materials company’s stock after purchasing an additional 19,477 shares during the period. Fmr LLC’s holdings in Trinseo were worth $567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Trinseo during the second quarter worth about $56,000. Summit Securities Group LLC purchased a new position in shares of Trinseo in the 2nd quarter valued at approximately $133,000. Los Angeles Capital Management LLC increased its holdings in shares of Trinseo by 388.0% in the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock valued at $983,000 after purchasing an additional 338,318 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Trinseo by 38.9% during the second quarter. Acadian Asset Management LLC now owns 114,500 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 32,092 shares during the period. Finally, Ground Swell Capital LLC purchased a new position in Trinseo in the 2nd quarter valued at $29,000. 82.69% of the stock is owned by hedge funds and other institutional investors.

Trinseo Price Performance

Trinseo stock opened at $5.41 on Thursday. The stock’s 50 day moving average price is $4.72 and its 200 day moving average price is $3.89. Trinseo PLC has a 1-year low of $1.93 and a 1-year high of $8.83. The company has a market cap of $191.52 million, a PE ratio of -0.38 and a beta of 1.62.

Trinseo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, January 9th. Trinseo’s dividend payout ratio is currently -0.28%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

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.