TriMas Co. (NASDAQ:TRS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in TriMas Co. (NASDAQ:TRS) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,249 shares of the industrial products company’s stock after selling 1,840 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TriMas were worth $184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in TriMas by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock valued at $104,364,000 after acquiring an additional 34,517 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of TriMas by 16.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 422,717 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of TriMas by 7.0% during the third quarter. Pzena Investment Management LLC now owns 2,570,194 shares of the industrial products company’s stock worth $63,638,000 after purchasing an additional 167,452 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in TriMas by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 517,025 shares of the industrial products company’s stock worth $12,802,000 after purchasing an additional 21,767 shares in the last quarter. Finally, Swiss National Bank increased its holdings in TriMas by 0.8% in the third quarter. Swiss National Bank now owns 91,300 shares of the industrial products company’s stock valued at $2,261,000 after buying an additional 700 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TriMas

In related news, Director Herbert K. Parker acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $25.98 per share, for a total transaction of $25,980.00. Following the purchase, the director now directly owns 30,057 shares in the company, valued at $780,880.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Herbert K. Parker acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $25.98 per share, for a total transaction of $25,980.00. Following the purchase, the director now directly owns 30,057 shares in the company, valued at $780,880.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herbert K. Parker acquired 1,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $26.34 per share, with a total value of $39,510.00. Following the completion of the purchase, the director now owns 33,057 shares in the company, valued at $870,721.38. The disclosure for this purchase can be found here. Insiders purchased 13,500 shares of company stock worth $325,550 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Wednesday, May 1st.

TriMas Stock Up 0.7 %

TRS stock opened at $26.25 on Wednesday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 27.06 and a beta of 0.71. TriMas Co. has a 1-year low of $22.59 and a 1-year high of $29.07. The firm has a fifty day moving average price of $25.61 and a two-hundred day moving average price of $25.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.73 and a quick ratio of 1.41.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The business had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.60 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts predict that TriMas Co. will post 1.92 EPS for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, May 6th. TriMas’s dividend payout ratio (DPR) is 16.49%.

About TriMas

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.