UMB Bank NA MO Makes New $50,000 Investment in Trinseo PLC (NYSE:TSE)


UMB Bank NA MO bought a new position in Trinseo PLC (NYSE:TSE – Get Rating ) during the first quarter, HoldingsChannel reports. The fund bought 1,050 shares of the basic materials company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Trinseo in the first quarter valued at approximately $565,000. Ellevest Inc. grew its position in shares of Trinseo by 202.3% in the first quarter. Ellevest Inc. now owns 653 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 437 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Trinseo by 1.2% during the first quarter. NorthCrest Asset Manangement LLC now owns 18,920 shares of the basic materials company’s stock valued at $907,000 after acquiring an additional 220 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Trinseo during the first quarter valued at approximately $12,527,000. Finally, Citizens National Bank Trust Department acquired a new position in shares of Trinseo in the 4th quarter valued at approximately $73,000. The institutional investors own 95.05% of the company’s stock.

Shares of TSE stock opened at $40.11 on Friday. The company has a debt-to-equity ratio of 2.37, a quick earnings ratio of 1.39, and a current ratio of 2.11. Trinseo PLC has a 1 year low of $35.77 and a 1 year high of $61.63. The stock has a fifty day moving average of $43.19 and a two hundred day moving average of $48.71. The firm has a market cap of $1.45 billion, a PE ratio of 4.11 and a beta of 1.35.

Trinseo (NYSE:TSE – Get Rating ) last posted its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.35. Trinseo has a return on equity of 36.17% and a net margin of 7.37%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. equities analysts forecast that Trinseo PLC will post 7.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 21st. Shareholders of record on Thursday, July 7th will be given a $0.32 dividend. This represents an annualized dividend of $1.28 and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, July 6th. Trinseo’s dividend payout ratio is currently 13.11%.

Several researchers have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Trinseo from $60.00 to $52.00 in a research report on Monday, May 16th. Jefferies Financial Group reduced their price objective on Trinseo from $70.00 to $54.00 in a research report on Thursday, June 16th. Laurentian Bank of Canada reduced their price objective on Trinseo from $16.00 to $14.00 in a research report on Monday, May 16th. Morgan Stanley reiterated an “equal weight” rating and set a $12.30 target price on shares of Trinseo in a research report on Monday, May 16th. Finally, Haywood Securities cut their target price on Trinseo from $8.50 to $7.00 in a research report on Monday, May 16th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Moderate Buy” and a consensus target price of $37.22, according to MarketBeat .

Profile Trinseo (Get Rating)

Trinseo PLC, a materials solutions provider, manufactures and markets plastics and latex binders in the United States, Europe, Asia Pacific and internationally. The company operates in six segments: Engineered Materials, Latex Bonding Materials, Basic Plastics, Polystyrene, Raw Materials and American Styrene.

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)



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