Geode Capital Management LLC Acquires 14,780 Shares of Trinseo PLC (NYSE:TSE)

Geode Capital Management LLC increased its holdings in Trinseo PLC (NYSE:TSE) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 385,931 shares of the basic materials company’s stock after purchasing an additional 14,780 shares during the quarter. Geode Capital Management LLC owned 1.09% of Trinseo worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. PFG Investments LLC purchased a new position in shares of Trinseo in the third quarter worth about $52,000. Mercer Global Advisors Inc. ADV bought a new position in Trinseo during the 2nd quarter worth approximately $25,000. Ground Swell Capital LLC purchased a new position in Trinseo in the 2nd quarter worth approximately $29,000. XTX Topco Ltd lifted its position in Trinseo by 19.1% in the third quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 14,180 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Trinseo during the second quarter valued at approximately $37,000. 82.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 7.6 %

TSE stock opened at $4.65 on Thursday. The firm’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $4.11. The stock has a market capitalization of $164.62 million, a price-to-earnings ratio of -0.33 and a beta of 1.57. Trinseo PLC has a 12-month low of $1.93 and a 12-month high of $7.15.

Trinseo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be issued a $0.01 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.04 annualized dividend and a yield of 0.86%. Trinseo’s dividend payout ratio (DPR) is presently -0.28%.

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.