Charles Schwab Investment Management Inc. Has $1.34 Million Stake in Trinseo PLC $TSE

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Trinseo PLC by 31.2%, selling 164,278 shares, and now owns about 1.02% of the company valued at approximately $1.34 million.
• Trinseo recently reported a quarterly loss of ($2.12) earnings per share, missing expectations significantly, with actual revenue of $784.30 million compared to estimates of $966.82 million.
• Despite the losses, Trinseo declared a quarterly dividend of $0.01 per share, representing an annualized yield of 1.7%.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Trinseo PLC (NYSE:TSE - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 362,646 shares of the basic materials company's stock after selling 164,278 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.02% of Trinseo worth $1,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of Trinseo in the 4th quarter valued at approximately $253,000. Cetera Investment Advisers bought a new stake in shares of Trinseo in the 4th quarter valued at approximately $82,000. Dimensional Fund Advisors LP bought a new stake in shares of Trinseo in the 4th quarter valued at approximately $210,000. Barclays PLC increased its holdings in shares of Trinseo by 48.5% in the 4th quarter. Barclays PLC now owns 48,352 shares of the basic materials company's stock valued at $247,000 after acquiring an additional 15,786 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Trinseo by 32.4% in the 4th quarter. Jane Street Group LLC now owns 330,467 shares of the basic materials company's stock valued at $1,685,000 after acquiring an additional 80,943 shares during the last quarter. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Trinseo from a "hold" rating to a "sell" rating in a report on Monday, May 12th.

Insiders Place Their Bets

In other news, Director Matthew Farrell purchased 48,609 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $2.43 per share, for a total transaction of $118,119.87. Following the completion of the acquisition, the director directly owned 250,225 shares of the company's stock, valued at $608,046.75. The trade was a 24.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 100,000 shares of company stock worth $240,028 in the last ninety days. Company insiders own 4.50% of the company's stock.

Trinseo Trading Up 3.6%

TSE traded up $0.09 during trading on Friday, reaching $2.45. 157,525 shares of the company were exchanged, compared to its average volume of 273,656. Trinseo PLC has a 52 week low of $1.90 and a 52 week high of $7.05. The stock has a market cap of $87.90 million, a P/E ratio of -0.22 and a beta of 1.39. The firm has a 50 day moving average of $2.66 and a 200 day moving average of $3.31.

Trinseo (NYSE:TSE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported ($2.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts forecast that Trinseo PLC will post -3.88 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The firm also recently announced 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. This represents a $0.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, July 10th. Trinseo's dividend payout ratio (DPR) is presently -0.36%.

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.