10,999 Shares in Trinseo PLC (NYSE:TSE) Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new stake in Trinseo PLC (NYSE:TSE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,999 shares of the basic materials company’s stock, valued at approximately $92,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSE. Point72 Middle East FZE acquired a new stake in shares of Trinseo in the 4th quarter valued at approximately $32,000. Quarry LP bought a new stake in Trinseo during the first quarter worth $34,000. Point72 Hong Kong Ltd acquired a new stake in Trinseo in the second quarter valued at $85,000. Allspring Global Investments Holdings LLC grew its position in shares of Trinseo by 415.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 2,617 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Trinseo during the 2nd quarter worth about $134,000. 82.69% of the stock is owned by institutional investors.

Trinseo Trading Down 4.8 %

Shares of NYSE:TSE opened at $2.75 on Friday. Trinseo PLC has a 52-week low of $2.72 and a 52-week high of $20.23. The company has a 50-day simple moving average of $4.20 and a 200 day simple moving average of $5.78.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Monday, February 12th. The basic materials company reported ($2.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.51) by ($1.48). Trinseo had a negative net margin of 19.08% and a negative return on equity of 905.55%. The business had revenue of $837.50 million during the quarter, compared to the consensus estimate of $884.14 million. During the same quarter in the prior year, the company earned ($1.72) EPS. On average, equities research analysts anticipate that Trinseo PLC will post -4.91 earnings per share for the current year.

Trinseo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, April 3rd. Trinseo’s dividend payout ratio is -0.20%.

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.