Charles Schwab Investment Management Inc. Sells 498,553 Shares of Trinseo PLC (NYSE:TSE)

Charles Schwab Investment Management Inc. cut its holdings in Trinseo PLC (NYSE:TSE - Free Report) by 48.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 526,924 shares of the basic materials company's stock after selling 498,553 shares during the period. Charles Schwab Investment Management Inc. owned 1.49% of Trinseo worth $2,687,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TSE. Rhumbline Advisers increased its position in Trinseo by 103.2% during the fourth quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company's stock worth $40,000 after acquiring an additional 4,002 shares during the period. SG Americas Securities LLC bought a new position in Trinseo during the fourth quarter valued at about $51,000. JPMorgan Chase & Co. raised its holdings in Trinseo by 10.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company's stock valued at $2,199,000 after acquiring an additional 40,588 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Trinseo by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company's stock worth $1,973,000 after acquiring an additional 14,780 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Trinseo by 19.1% in the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company's stock worth $451,000 after acquiring an additional 14,180 shares during the period. Institutional investors and hedge funds own 82.69% of the company's stock.

Trinseo Price Performance

Shares of TSE traded down $0.02 on Monday, reaching $3.67. 180,686 shares of the stock traded hands, compared to its average volume of 452,131. The firm has a market cap of $130.22 million, a price-to-earnings ratio of -0.37 and a beta of 1.44. Trinseo PLC has a 12 month low of $1.94 and a 12 month high of $7.05. The stock's 50-day moving average price is $4.53 and its 200-day moving average price is $4.74.

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Trinseo (NYSE:TSE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.30) by ($0.37). As a group, equities research analysts forecast that Trinseo PLC will post -3.88 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 10th. Trinseo's payout ratio is -0.41%.

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.