Raymond James & Associates Has $1.66 Million Stock Holdings in TriMas Co. (NASDAQ:TRS)

Raymond James & Associates cut its holdings in TriMas Co. (NASDAQ:TRS) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,582 shares of the industrial products company’s stock after selling 2,038 shares during the quarter. Raymond James & Associates owned about 0.16% of TriMas worth $1,661,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in TriMas by 90.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,144 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 544 shares during the last quarter. UBS Group AG raised its position in shares of TriMas by 80.9% in the third quarter. UBS Group AG now owns 3,614 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 1,616 shares during the period. PNC Financial Services Group Inc. raised its position in shares of TriMas by 182.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,912 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 1,880 shares during the period. Acadian Asset Management LLC bought a new position in shares of TriMas in the first quarter valued at approximately $152,000. Finally, Citigroup Inc. raised its position in shares of TriMas by 369.8% in the first quarter. Citigroup Inc. now owns 6,244 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 4,915 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas A. Amato bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the transaction, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

TriMas Trading Up 1.8 %

NASDAQ:TRS opened at $25.48 on Friday. TriMas Co. has a 12 month low of $22.59 and a 12 month high of $29.07. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 26.27 and a beta of 0.71. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $25.39 and its 200-day moving average is $24.96.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). TriMas had a net margin of 4.52% and a return on equity of 8.85%. The firm had revenue of $209.60 million during the quarter, compared to the consensus estimate of $246.44 million. During the same period in the prior year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts anticipate that TriMas Co. will post 1.94 EPS for the current year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Thursday, February 29th. TriMas’s dividend payout ratio (DPR) is currently 16.49%.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.