Bank of New York Mellon Corp trimmed its stake in shares of TriMas Co. (NASDAQ:TRS) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,346 shares of the industrial products company’s stock after selling 25,523 shares during the quarter. Bank of New York Mellon Corp’s holdings in TriMas were worth $5,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of TRS. First Trust Advisors LP grew its position in shares of TriMas by 66.2% in the 4th quarter. First Trust Advisors LP now owns 157,912 shares of the industrial products company’s stock worth $4,224,000 after buying an additional 62,927 shares during the last quarter. Keybank National Association OH grew its position in shares of TriMas by 18.3% in the 4th quarter. Keybank National Association OH now owns 43,875 shares of the industrial products company’s stock worth $1,174,000 after buying an additional 6,800 shares during the last quarter. Swiss National Bank grew its position in shares of TriMas by 6.5% in the 4th quarter. Swiss National Bank now owns 79,900 shares of the industrial products company’s stock worth $2,137,000 after buying an additional 4,900 shares during the last quarter. California Public Employees Retirement System grew its position in shares of TriMas by 4.9% in the 4th quarter. California Public Employees Retirement System now owns 212,970 shares of the industrial products company’s stock worth $5,697,000 after buying an additional 9,970 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of TriMas in the 4th quarter worth approximately $419,000.
NASDAQ TRS opened at $27.85 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 2.55. TriMas Co. has a twelve month low of $19.75 and a twelve month high of $28.85. The company has a market cap of $1,279.07, a P/E ratio of 19.89, a PEG ratio of 3.35 and a beta of 1.77.
TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). TriMas had a net margin of 3.79% and a return on equity of 12.09%. The firm had revenue of $195.20 million for the quarter, compared to the consensus estimate of $192.36 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts predict that TriMas Co. will post 1.67 EPS for the current fiscal year.
TRS has been the topic of a number of recent analyst reports. BidaskClub upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. BMO Capital Markets assumed coverage on TriMas in a research report on Tuesday, April 3rd. They set an “outperform” rating and a $33.00 price target on the stock. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded TriMas from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Monday, January 22nd. Finally, JPMorgan Chase restated an “overweight” rating and set a $32.00 price target (down from $33.00) on shares of TriMas in a research report on Tuesday, March 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $29.33.
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TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.
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