Trinseo PLC (NYSE:TSE) Stock Position Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in Trinseo PLC (NYSE:TSE - Free Report) by 39.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,025,477 shares of the basic materials company's stock after selling 665,326 shares during the period. Charles Schwab Investment Management Inc. owned about 2.90% of Trinseo worth $5,240,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TSE. Vanguard Group Inc. boosted its stake in Trinseo by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company's stock worth $4,217,000 after buying an additional 93,050 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Trinseo by 388.0% during the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company's stock worth $983,000 after purchasing an additional 338,318 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Trinseo in the second quarter worth about $455,000. Squarepoint Ops LLC grew its stake in shares of Trinseo by 97.7% in the second quarter. Squarepoint Ops LLC now owns 129,500 shares of the basic materials company's stock valued at $299,000 after buying an additional 63,982 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Trinseo by 38.9% during the 2nd quarter. Acadian Asset Management LLC now owns 114,500 shares of the basic materials company's stock worth $263,000 after acquiring an additional 32,092 shares in the last quarter. 82.69% of the stock is owned by institutional investors and hedge funds.

Trinseo Stock Performance

Trinseo stock traded down $0.15 during midday trading on Friday, hitting $5.55. 203,224 shares of the stock were exchanged, compared to its average volume of 467,220. The company has a 50 day moving average price of $4.77 and a two-hundred day moving average price of $3.82. Trinseo PLC has a 1 year low of $1.93 and a 1 year high of $8.83.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, January 9th. Trinseo's payout ratio is currently -0.28%.

Analyst Upgrades and Downgrades

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

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.