NYS Teachers Retirement System Decreases Stake in Trinseo PLC by 17.9%
April 25, 2023
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Trinseo ($NYSE:TSE) PLC is a global materials company and manufacturer of synthetic rubber, latex binders, and plastics. It specializes in providing engineered and advanced performance materials to a variety of industries, including automotive, consumer electronics, medical, and construction. The New York State Teachers Retirement System recently disclosed in the firm’s 13F filing that it reduced its stake in Trinseo PLC by 17.9% during the fourth quarter. This could be interpreted as a sign of diminishing investor confidence in the company’s stock.
However, investors should take into account the overall performance of the company, which has seen an increase in its share price year-to-date and has reported strong financial results with a significant increase in sales compared to the same period last year. Therefore, it is clear that Trinseo PLC still has a lot of potential for growth in the future.
Price History
Despite this news, Trinseo PLC‘s stock opened at $18.9 and closed at $19.0, indicating a positive 1.2% increase from the previous closing price of 18.8. This increase in stock value in spite of the news shows that investors are confident in Trinseo PLC’s future prospects. The company’s commitment to driving growth and creating value through innovation and operational excellence has been a key factor in its success and investor confidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trinseo Plc. More…
| Total Revenues | Net Income | Net Margin |
| 4.97k | -430.9 | -3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trinseo Plc. More…
| Operations | Investing | Financing |
| 43.5 | -164 | -233.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trinseo Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.76k | 3.34k | 11.97 |
Key Ratios Snapshot
Some of the financial key ratios for Trinseo Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 11.6% | -7.2% |
| FCF Margin | ROE | ROA |
| -2.1% | -39.9% | -5.9% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of TRINSEO PLC‘s financials. After taking into consideration the company’s financial and business aspects, we have assigned TRINSEO PLC a medium risk rating for investments. Upon further examination of the company’s financial statements, we have identified one risk warning in the cash flow statement. If you would like to learn more about potential risk factors and our assessment of TRINSEO PLC, please register with us to gain access to our proprietary analysis. More…
Peers
In the global market for specialty chemicals, Trinseo PLC competes with several large multinational companies, including Evonik Industries AG, PPG Industries Inc, and Shandong Dongyue Organosilicon Materials Co Ltd. The company has a strong presence in Europe and North America, and is expanding its operations in Asia.
– Evonik Industries AG ($OTCPK:EVKIF)
Evonik Industries AG is a German chemical company with a market cap of 9.4 billion as of 2022. The company’s return on equity is 8.43%. Evonik Industries AG produces a wide range of chemicals and materials, including polymers, performance materials, and health and nutrition products. The company has over 33,000 employees and operates in more than 100 countries.
– PPG Industries Inc ($NYSE:PPG)
PPG Industries, Inc., is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. It was founded in 1883 by John Pitcairn as the Pittsburgh Plate Glass Company. The company produces coatings for automotive, aerospace, construction, and industrial applications. PPG’s headquarters are located in Pittsburgh, Pennsylvania.
– Shandong Dongyue Organosilicon Materials Co Ltd ($SZSE:300821)
Shandong Dongyue Organosilicon Materials Co., Ltd. engages in the research and development, production, and sale of organosilicon products. It operates through the following segments: Organosilicon, Electronic Grade, and Organic Silicon. The Organosilicon segment produces and sells dimethyl disilane, hexamethyldisilane, trimethylsilane, tetramethylsilane, and methylchlorosilane. The Electronic Grade segment produces and sells electronic grade silicon materials. The Organic Silicon segment produces and sells cyclic polydimethylsiloxane, functional fluids, and intermediates. The company was founded on December 28, 2001 and is headquartered in Zibo, China.
Summary
Trinseo PLC is a materials solutions provider and global manufacturer of synthetic rubber, plastics, and latex. Recently, the New York State Teachers Retirement System (NYSTRS) decreased their stake in Trinseo PLC by 17.9% during the fourth quarter. This suggests that NYSTRS is not bullish on the potential of the company, and could indicate bearishness in the market overall. Investors considering investing in Trinseo PLC should conduct an in-depth analysis and research the market forces driving the stock before making any decisions.
Additionally, they should pay attention to related news and developments, as well as other indicators, such as financial ratios and analyst ratings, in order to make an informed investment decision.
