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


UMB Bank NA MO purchased a new position in Trinseo PLC (NYSE:TSE – Get Rating ) in the first quarter, HoldingsChannel reports. The fund purchased 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 1st quarter valued at about $565,000. Ellevest Inc. raised 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 worth $31,000 after purchasing an additional 437 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Trinseo by 1.2% in the first quarter. NorthCrest Asset Manangement LLC now owns 18,920 shares of the basic materials company’s stock valued at $907,000 after buying an additional 220 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Trinseo in the 1st quarter valued at about $12,527,000. Finally, Citizens National Bank Trust Department acquired a new position in shares of Trinseo in the 4th quarter valued at about $73,000. Institutional investors own 95.05% of the company’s shares.

Shares of TSE stock opened at $40.11 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.39, and a current ratio of 2.11. Trinseo PLC has a one year low of $35.77 and a one 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 capitalization 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 had 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 research analysts predict 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 paid a $0.32 dividend. This represents a dividend of $1.28 on an annualized basis 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 research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Trinseo from $60.00 to $52.00 in a research report on Monday, May 16th. Jefferies Financial Group decreased their price objective on Trinseo from $70.00 to $54.00 in a research report on Thursday, June 16th. Laurentian Bank of Canada decreased their price objective on Trinseo from $16.00 to $14.00 in a research report on Monday, May 16th. Morgan Stanley restated an “equal weight” rating and set a $12.30 price objective on shares of Trinseo in a research report on Monday, May 16th. Finally, Haywood Securities reduced their price objective 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 given a buy rating to the company’s stock. The stock has an average rating of “Moderate Buy” and a consensus price target of $37.22, according to MarketBeat .

Trinseo’s profile (Get rating)

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

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Institutional Ownership by Quarter for Trinseo (NYSE:TSE)



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