TriMas Corp (TRS) Position Increased by Quantamental Technologies LLC

Quantamental Technologies LLC increased its position in shares of TriMas Corp (NASDAQ:TRS) by 1,552.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,619 shares of the industrial products company’s stock after buying an additional 1,521 shares during the period. Quantamental Technologies LLC’s holdings in TriMas were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of TriMas by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,292 shares of the industrial products company’s stock worth $2,654,000 after buying an additional 2,858 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of TriMas by 2.8% during the 3rd quarter. Teachers Advisors LLC now owns 90,975 shares of the industrial products company’s stock worth $2,766,000 after buying an additional 2,512 shares during the last quarter. Morgan Stanley increased its holdings in shares of TriMas by 33.9% during the 3rd quarter. Morgan Stanley now owns 151,237 shares of the industrial products company’s stock worth $4,599,000 after buying an additional 38,285 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TriMas by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,974,528 shares of the industrial products company’s stock worth $120,825,000 after buying an additional 53,153 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of TriMas by 212.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,470 shares of the industrial products company’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. 99.90% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Robert J. Zalupski sold 2,500 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $32.01, for a total value of $80,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.



A number of research firms have recently commented on TRS. BidaskClub upgraded TriMas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. BMO Capital Markets restated a “buy” rating and set a $36.00 price objective on shares of TriMas in a report on Monday, February 25th. Finally, Wells Fargo & Co upped their price objective on TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.50.

Shares of NASDAQ TRS opened at $30.41 on Wednesday. TriMas Corp has a 12-month low of $25.18 and a 12-month high of $33.45. The firm has a market capitalization of $1.37 billion, a P/E ratio of 17.38, a P/E/G ratio of 3.17 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.86 and a quick ratio of 1.61.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. TriMas had a return on equity of 13.54% and a net margin of 8.86%. The firm had revenue of $221.29 million during the quarter, compared to the consensus estimate of $225.12 million. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that TriMas Corp will post 1.9 earnings per share for the current year.

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TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

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