Texas Permanent School Fund Has $1.02 Million Stock Holdings in Trinseo PLC (NYSE:TSE)

Texas Permanent School Fund cut its position in Trinseo PLC (NYSE:TSEGet Rating) by 4.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 26,393 shares of the basic materials company’s stock after selling 1,141 shares during the quarter. Texas Permanent School Fund’s holdings in Trinseo were worth $1,015,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in Trinseo by 1,800.0% in the first quarter. Meeder Asset Management Inc. now owns 551 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 522 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Trinseo by 233.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 700 shares during the period. Citizens National Bank Trust Department acquired a new stake in shares of Trinseo during the second quarter worth $85,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Trinseo during the second quarter worth $103,000. Finally, KBC Group NV acquired a new stake in shares of Trinseo during the second quarter worth $127,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on TSE. TheStreet lowered shares of Trinseo from a “c” rating to a “d+” rating in a report on Thursday, November 3rd. Barclays raised their price objective on shares of Trinseo from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Monday, November 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Trinseo from $21.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, November 7th. StockNews.com began coverage on shares of Trinseo in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Morgan Stanley lowered their price target on shares of Trinseo from $33.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

Trinseo Stock Performance

Shares of TSE opened at $23.83 on Friday. The firm has a 50-day moving average of $21.31 and a 200-day moving average of $32.33. Trinseo PLC has a one year low of $17.54 and a one year high of $59.73. The company has a market cap of $833.34 million, a PE ratio of 20.19 and a beta of 1.40. The company has a debt-to-equity ratio of 3.29, a current ratio of 2.19 and a quick ratio of 1.33.

Trinseo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 20th. Stockholders of record on Thursday, October 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Wednesday, October 5th. Trinseo’s dividend payout ratio (DPR) is presently 108.47%.

Insider Activity

In other news, Director Jeanmarie F. Desmond acquired 1,335 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was bought at an average price of $25.46 per share, with a total value of $33,989.10. Following the transaction, the director now directly owns 5,665 shares in the company, valued at approximately $144,230.90. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Trinseo Profile

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Trinseo PLC, a materials solutions provider, manufactures and sells plastics and latex binders in the United States, Europe, the Asia-Pacific, and internationally. The company operates through six segments: Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)

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