Trinseo PLC (NYSE:TSE) Position Cut by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in Trinseo PLC (NYSE:TSE - Free Report) by 30.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,495 shares of the basic materials company's stock after selling 145,578 shares during the quarter. AQR Capital Management LLC owned 0.96% of Trinseo worth $782,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd raised its holdings in Trinseo by 16.7% during the fourth quarter. Quadrature Capital Ltd now owns 30,944 shares of the basic materials company's stock worth $259,000 after purchasing an additional 4,439 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Trinseo by 40.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,906 shares of the basic materials company's stock worth $132,000 after purchasing an additional 10,036 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Trinseo during the second quarter worth approximately $25,000. Ground Swell Capital LLC acquired a new stake in Trinseo during the second quarter worth approximately $29,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Trinseo during the first quarter worth approximately $48,000. Institutional investors and hedge funds own 82.69% of the company's stock.

Trinseo Price Performance

Shares of TSE traded up $0.02 during mid-day trading on Monday, reaching $6.53. 294,838 shares of the company's stock were exchanged, compared to its average volume of 487,360. The stock has a market capitalization of $230.90 million, a PE ratio of -0.51 and a beta of 1.63. The business's fifty day simple moving average is $4.34 and its 200-day simple moving average is $3.45. Trinseo PLC has a 52-week low of $1.93 and a 52-week high of $8.83.

Trinseo (NYSE:TSE - Get Free Report) last announced its earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.09) by ($0.37). The firm had revenue of $920.00 million for the quarter, compared to analyst estimates of $958.16 million. During the same quarter in the previous year, the business posted ($1.92) EPS. Equities research analysts predict that Trinseo PLC will post -6.73 earnings per share for the current year.

Trinseo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. Trinseo's dividend payout ratio (DPR) is presently -0.32%.

Insider Activity at Trinseo

In other news, SVP Angelo N. Chaclas acquired 75,000 shares of the company's stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $2.57 per share, with a total value of $192,750.00. Following the purchase, the senior vice president now owns 207,007 shares of the company's stock, valued at $532,007.99. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey J. Cote purchased 100,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $2.81 per share, with a total value of $281,000.00. Following the purchase, the director now directly owns 100,000 shares in the company, valued at $281,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Angelo N. Chaclas purchased 75,000 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $2.57 per share, for a total transaction of $192,750.00. Following the completion of the purchase, the senior vice president now owns 207,007 shares in the company, valued at approximately $532,007.99. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 265,600 shares of company stock worth $748,084 in the last three months. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trinseo 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.