5 Best Plastics Stocks To Buy Now

2. Trinseo PLC (NYSE:TSE)

Number of Hedge Fund Holders: 12

Trinseo PLC (NYSE:TSE) is a Berwyn, Pennsylvania-based plastics manufacturer that was spun off from Dow Chemical in 2009 before its merger with DuPont. The company is at the second position on our list of the 11 best plastics stocks to buy now.

On September 6, Trinseo PLC (NYSE:TSE) initiated a new share buyback plan of $200 million. Trinseo PLC’s (NYSE:TSE) CEO shared that the firm’s portfolio transformation has allowed it to increase its shareholder value generation capabilities. On September 22, the company also declared a quarterly dividend of $0.32 per share, translating into an annual forward dividend yield of 7.21% as of October 21.

Experts anticipate Trinseo PLC (NYSE:TSE) to experience solid growth in the coming years as the demand for industrial product manufacturers is growing. In the most recent SEC filing, M&G Investment Management also revealed increasing its stake in Trinseo PLC (NYSE:TSE) to 21.8%. The investment firm shared that it was bullish on Trinseo PLC’s (NYSE:TSE) growth prospects due to the new strategic direction taken by the company.