JPMorgan Chase & Co. Increases Stock Position in Trinseo PLC (NYSE:TSE)

JPMorgan Chase & Co. increased its position in shares of Trinseo PLC (NYSE:TSE) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,340 shares of the basic materials company’s stock after acquiring an additional 40,588 shares during the quarter. JPMorgan Chase & Co. owned about 1.22% of Trinseo worth $2,199,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinseo in the second quarter worth $25,000. XTX Topco Ltd raised its position in shares of Trinseo by 31.6% in the second quarter. XTX Topco Ltd now owns 74,082 shares of the basic materials company’s stock valued at $171,000 after buying an additional 17,799 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Trinseo in the second quarter valued at about $455,000. Point72 DIFC Ltd acquired a new stake in shares of Trinseo in the second quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Trinseo by 194.0% in the second quarter. Cubist Systematic Strategies LLC now owns 101,614 shares of the basic materials company’s stock valued at $235,000 after buying an additional 67,054 shares during the last quarter. Institutional investors own 82.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Trinseo Stock Up 2.0 %

Shares of NYSE TSE opened at $4.44 on Wednesday. The firm has a 50-day simple moving average of $4.60 and a 200-day simple moving average of $4.24. The stock has a market capitalization of $157.01 million, a price-to-earnings ratio of -0.32 and a beta of 1.57. Trinseo PLC has a 52 week low of $1.93 and a 52 week high of $7.05.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, January 10th. Trinseo’s payout ratio is currently -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.