Barclays PLC Lowers Stake in Trinseo PLC (NYSE:TSE)

Barclays PLC lowered its position in shares of Trinseo PLC (NYSE:TSE) by 81.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,566 shares of the basic materials company’s stock after selling 143,651 shares during the quarter. Barclays PLC owned 0.09% of Trinseo worth $167,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Trinseo in the second quarter worth $25,000. PFG Investments LLC purchased a new position in shares of Trinseo in the third quarter worth $52,000. Point72 DIFC Ltd purchased a new position in shares of Trinseo in the second quarter worth $55,000. Algert Global LLC purchased a new position in shares of Trinseo in the second quarter worth $77,000. Finally, XTX Topco Ltd increased its position in Trinseo by 31.6% in the second quarter. XTX Topco Ltd now owns 74,082 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 17,799 shares during the last quarter. Hedge funds and other institutional investors own 82.69% of the company’s stock.

Analysts Set New Price Targets

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

Trinseo Price Performance

NYSE:TSE opened at $4.35 on Thursday. Trinseo PLC has a 1-year low of $1.93 and a 1-year high of $7.05. The company has a 50-day moving average of $4.61 and a 200 day moving average of $4.26. The firm has a market cap of $154.03 million, a PE ratio of -0.31 and a beta of 1.57.

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders 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 dividend yield of 0.92%. The ex-dividend date is Friday, January 10th. Trinseo’s payout ratio is -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.