JPMorgan Chase & Co. Increases Stake in Trinseo PLC (NYSE:TSE)

JPMorgan Chase & Co. increased its holdings in shares of Trinseo PLC (NYSE:TSE) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 430,340 shares of the basic materials company’s stock after purchasing an additional 40,588 shares during the period. JPMorgan Chase & Co.’s holdings in Trinseo were worth $2,199,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in Trinseo during the 2nd quarter worth approximately $455,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Trinseo by 773.5% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 78,162 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 69,214 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Trinseo by 194.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 101,614 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 67,054 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Trinseo by 97.7% during the 2nd quarter. Squarepoint Ops LLC now owns 129,500 shares of the basic materials company’s stock worth $299,000 after acquiring an additional 63,982 shares in the last quarter. Finally, Whitebox Advisors LLC acquired a new position in Trinseo during the 3rd quarter worth approximately $200,000. 82.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

Trinseo Trading Up 2.0 %

Shares of Trinseo stock opened at $4.44 on Wednesday. The company has a fifty day simple moving average of $4.60 and a 200-day simple moving average of $4.24. Trinseo PLC has a 12-month low of $1.93 and a 12-month high of $7.05. The stock has a market cap of $157.01 million, a price-to-earnings ratio of -0.32 and a beta of 1.57.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.04 annualized dividend and a yield of 0.90%. Trinseo’s dividend payout ratio (DPR) is -0.28%.

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.