Public Employees Retirement System of Ohio Trims Stake in Trinseo PLC (NYSE:TSE)

Public Employees Retirement System of Ohio lowered its position in Trinseo PLC (NYSE:TSE) by 66.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,202 shares of the basic materials company’s stock after selling 24,527 shares during the period. Public Employees Retirement System of Ohio’s holdings in Trinseo were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSE. PFG Investments LLC bought a new position in Trinseo in the third quarter worth $52,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Trinseo in the 2nd quarter worth about $25,000. Ground Swell Capital LLC bought a new position in shares of Trinseo in the 2nd quarter worth about $29,000. XTX Topco Ltd lifted its position in Trinseo by 19.1% during the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after acquiring an additional 14,180 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Trinseo during the second quarter worth about $37,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Trinseo Trading Down 6.8 %

Shares of NYSE:TSE opened at $4.77 on Monday. The stock has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $3.92. Trinseo PLC has a 12-month low of $1.93 and a 12-month high of $8.83. The stock has a market capitalization of $168.87 million, a price-to-earnings ratio of -0.34 and a beta of 1.62.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, January 9th. Trinseo’s dividend payout ratio is presently -0.28%.

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.