Trinseo PLC (NYSE:TSE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Trinseo PLC (NYSE:TSE - Free Report) by 46.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,503 shares of the basic materials company's stock after selling 200,837 shares during the period. JPMorgan Chase & Co. owned 0.65% of Trinseo worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Truffle Hound Capital LLC purchased a new stake in Trinseo during the fourth quarter worth approximately $1,785,000. Virtu Financial LLC purchased a new stake in shares of Trinseo during the 4th quarter worth approximately $166,000. LPL Financial LLC acquired a new position in shares of Trinseo in the 4th quarter valued at $102,000. Geode Capital Management LLC raised its stake in Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company's stock worth $1,973,000 after acquiring an additional 14,780 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Trinseo in the fourth quarter valued at $51,000. 82.69% of the stock is owned by institutional investors and hedge funds.

Trinseo Trading Up 2.3 %

Shares of NYSE TSE traded up $0.09 during trading hours on Thursday, reaching $4.07. The stock had a trading volume of 5,949 shares, compared to its average volume of 445,123. The firm has a market cap of $144.41 million, a price-to-earnings ratio of -0.41 and a beta of 1.54. Trinseo PLC has a fifty-two week low of $1.94 and a fifty-two week high of $7.05. The firm has a 50-day moving average of $3.96 and a 200-day moving average of $4.44.

Trinseo (NYSE:TSE - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) EPS for the quarter, missing the consensus estimate of ($2.30) by ($0.37). On average, equities analysts predict that Trinseo PLC will post -3.88 EPS for the current year.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, April 10th. Trinseo's dividend payout ratio (DPR) is presently -0.41%.

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.