Charles Schwab Investment Management Inc. Decreases Stock Position in Trinseo PLC (NYSE:TSE)

Charles Schwab Investment Management Inc. reduced its position in Trinseo PLC (NYSE:TSE) by 39.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,025,477 shares of the basic materials company’s stock after selling 665,326 shares during the period. Charles Schwab Investment Management Inc. owned about 2.90% of Trinseo worth $5,240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Trinseo by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company’s stock valued at $4,217,000 after acquiring an additional 93,050 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Trinseo by 388.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock valued at $983,000 after acquiring an additional 338,318 shares during the period. Marshall Wace LLP bought a new stake in shares of Trinseo during the 2nd quarter valued at $455,000. Squarepoint Ops LLC grew its position in shares of Trinseo by 97.7% during the 2nd quarter. Squarepoint Ops LLC now owns 129,500 shares of the basic materials company’s stock valued at $299,000 after acquiring an additional 63,982 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Trinseo by 38.9% during the 2nd quarter. Acadian Asset Management LLC now owns 114,500 shares of the basic materials company’s stock valued at $263,000 after acquiring an additional 32,092 shares during the period. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Trinseo Stock Performance

Shares of Trinseo stock opened at $5.68 on Friday. The company has a market capitalization of $201.08 million, a P/E ratio of -0.40 and a beta of 1.62. Trinseo PLC has a fifty-two week low of $1.93 and a fifty-two week high of $8.83. The company has a fifty day moving average of $4.77 and a 200 day moving average of $3.82.

Trinseo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, January 9th. Trinseo’s dividend payout ratio is -0.28%.

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.