Trinseo PLC (NYSE:TSE) Shares Sold by State Street Corp

State Street Corp cut its holdings in Trinseo PLC (NYSE:TSE) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 157,877 shares of the basic materials company’s stock after selling 12,503 shares during the period. State Street Corp owned 0.45% of Trinseo worth $807,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TSE. PFG Investments LLC acquired a new stake in shares of Trinseo in the third quarter worth approximately $52,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinseo in the 2nd quarter valued at $25,000. Ground Swell Capital LLC purchased a new stake in shares of Trinseo during the 2nd quarter valued at $29,000. Meeder Asset Management Inc. purchased a new position in shares of Trinseo in the 2nd quarter worth $37,000. Finally, XTX Topco Ltd raised its position in shares of Trinseo by 31.6% in the 2nd quarter. XTX Topco Ltd now owns 74,082 shares of the basic materials company’s stock worth $171,000 after buying an additional 17,799 shares during the period. Hedge funds and other institutional investors own 82.69% of the company’s stock.

Trinseo Stock Performance

NYSE TSE opened at $5.17 on Friday. The firm has a market capitalization of $183.03 million, a price-to-earnings ratio of -0.37 and a beta of 1.62. Trinseo PLC has a one year low of $1.93 and a one year high of $8.16. The company’s 50 day moving average price is $4.56 and its 200 day moving average price is $4.04.

Trinseo Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. Trinseo’s payout ratio is -0.28%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Trinseo from a “sell” rating to a “hold” rating in a research note 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.