Goldman Sachs Group Inc. Purchases 103,294 Shares of Trinseo PLC $TSE

Key Points

• Goldman Sachs Group Inc. has significantly increased its stake in Trinseo PLC by purchasing an additional 103,294 shares, raising its ownership to 343,604 shares which is 0.96% of Trinseo valued at approximately $1,264,000.
• Trinseo's recent earnings report showed a loss of ($2.12) earnings per share, missing estimates by ($0.63), and reported revenues of $784.3 million against a consensus estimate of $966.82 million.
• The company announced a quarterly dividend of $0.01 per share, resulting in a 1.6% yield, although it currently has a negative dividend payout ratio of -0.36%.

Goldman Sachs Group Inc. grew its stake in shares of Trinseo PLC (NYSE:TSE - Free Report) by 43.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 343,604 shares of the basic materials company's stock after purchasing an additional 103,294 shares during the period. Goldman Sachs Group Inc. owned about 0.96% of Trinseo worth $1,264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. increased its holdings in Trinseo by 14.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 30,000 shares of the basic materials company's stock worth $153,000 after purchasing an additional 3,800 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Trinseo by 11.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company's stock worth $266,000 after buying an additional 7,500 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Trinseo by 2.7% in the 4th quarter. Two Sigma Investments LP now owns 326,592 shares of the basic materials company's stock worth $1,666,000 after buying an additional 8,682 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in shares of Trinseo by 28.9% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 44,605 shares of the basic materials company's stock worth $164,000 after buying an additional 10,000 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Trinseo in the 4th quarter worth approximately $53,000. 82.69% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Matthew Farrell bought 48,609 shares of the company's stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $2.43 per share, for a total transaction of $118,119.87. Following the completion of the transaction, the director directly owned 250,225 shares in the company, valued at approximately $608,046.75. The trade was a 24.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 100,000 shares of company stock worth $240,028 in the last quarter. Corporate insiders own 4.50% of the company's stock.

Trinseo Stock Down 0.2%

Trinseo stock traded down $0.01 during trading on Tuesday, hitting $2.59. The stock had a trading volume of 75,291 shares, compared to its average volume of 347,296. Trinseo PLC has a 1 year low of $1.90 and a 1 year high of $7.05. The stock's 50 day moving average is $2.54 and its two-hundred day moving average is $3.10. The stock has a market cap of $92.93 million, a price-to-earnings ratio of -0.23 and a beta of 1.40.

Trinseo (NYSE:TSE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported ($2.12) EPS for the quarter, missing the consensus estimate of ($1.49) by ($0.63). The company had revenue of $784.30 million during the quarter, compared to analyst estimates of $966.82 million. As a group, equities research analysts anticipate that Trinseo PLC will post -3.88 EPS for the current fiscal year.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.01 dividend. The ex-dividend date was Thursday, July 10th. This represents a $0.04 annualized dividend and a yield of 1.5%. Trinseo's dividend payout ratio is presently -0.36%.

Trinseo Company 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.