JPMorgan Chase & Co. Lowers Stock Holdings in Trinseo PLC (NYSE:TSE)

JPMorgan Chase & Co. cut its holdings in Trinseo PLC (NYSE:TSE - Free Report) by 46.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,503 shares of the basic materials company's stock after selling 200,837 shares during the quarter. JPMorgan Chase & Co. owned 0.65% of Trinseo worth $1,170,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Trinseo by 4.0% during the third quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company's stock valued at $1,973,000 after purchasing an additional 14,780 shares in the last quarter. Truffle Hound Capital LLC purchased a new stake in shares of Trinseo during the 4th quarter valued at about $1,785,000. Virtu Financial LLC bought a new stake in shares of Trinseo in the fourth quarter worth approximately $166,000. LPL Financial LLC purchased a new position in shares of Trinseo during the fourth quarter valued at approximately $102,000. Finally, SG Americas Securities LLC bought a new position in Trinseo during the fourth quarter valued at approximately $51,000. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

Trinseo Trading Down 2.0 %

NYSE:TSE traded down $0.08 during trading hours on Tuesday, reaching $3.98. The company had a trading volume of 173,684 shares, compared to its average volume of 446,592. The firm has a market cap of $141.21 million, a price-to-earnings ratio of -0.40 and a beta of 1.54. The firm's 50 day moving average price is $4.02 and its 200-day moving average price is $4.44. Trinseo PLC has a 52 week low of $1.94 and a 52 week high of $7.05.

Trinseo (NYSE:TSE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported ($2.67) EPS for the quarter, missing the consensus estimate of ($2.30) by ($0.37). On average, 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 was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.01%. Trinseo's dividend payout ratio (DPR) is presently -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.