Goldman Sachs Group Inc. Boosts Stock Holdings in 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. boosted its stake in shares of Trinseo PLC (NYSE:TSE - Free Report) by 43.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,604 shares of the basic materials company's stock after acquiring an additional 103,294 shares during the quarter. Goldman Sachs Group Inc. owned 0.96% of Trinseo worth $1,264,000 at the end of the most recent reporting period.

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

Trinseo Trading Down 3.4%

Shares of Trinseo stock traded down $0.09 during midday trading on Friday, reaching $2.53. The company had a trading volume of 1,108,063 shares, compared to its average volume of 241,258. The company has a market capitalization of $90.96 million, a price-to-earnings ratio of -0.23 and a beta of 1.39. The stock has a fifty day simple moving average of $2.54 and a 200 day simple moving average of $3.11. Trinseo PLC has a 1-year low of $1.90 and a 1-year high of $7.05.

Trinseo (NYSE:TSE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported ($2.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.49) by ($0.63). The business had revenue of $784.30 million during the quarter, compared to analyst estimates of $966.82 million. Sell-side analysts expect that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, July 10th. This represents a $0.04 annualized dividend and a yield of 1.6%. Trinseo's dividend payout ratio is -0.36%.

Insider Transactions at Trinseo

In related news, Director Matthew Farrell bought 48,609 shares of the business's stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $2.43 per share, for a total transaction of $118,119.87. Following the purchase, the director directly owned 250,225 shares in the company, valued at $608,046.75. This trade represents a 24.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 100,000 shares of company stock valued at $240,028. 4.50% of the stock is owned by corporate insiders.

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.