California Public Employees Retirement System increased its stake in TriMas Corp (NASDAQ:TRS) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 176,851 shares of the industrial products company’s stock after buying an additional 20,751 shares during the quarter. California Public Employees Retirement System owned approximately 0.39% of TriMas worth $5,420,000 as of its most recent SEC filing.
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRS. WINTON GROUP Ltd boosted its holdings in shares of TriMas by 66.2% in the 2nd quarter. WINTON GROUP Ltd now owns 12,532 shares of the industrial products company’s stock valued at $388,000 after buying an additional 4,990 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of TriMas by 7.0% during the second quarter. Zions Bancorporation N.A. now owns 6,943 shares of the industrial products company’s stock worth $215,000 after buying an additional 455 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of TriMas during the second quarter worth $257,000. Bessemer Group Inc. lifted its holdings in shares of TriMas by 35.2% during the second quarter. Bessemer Group Inc. now owns 11,900 shares of the industrial products company’s stock worth $369,000 after buying an additional 3,100 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of TriMas by 21.3% during the second quarter. SG Americas Securities LLC now owns 11,999 shares of the industrial products company’s stock worth $372,000 after buying an additional 2,106 shares in the last quarter. 98.70% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised TriMas from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a report on Tuesday, August 20th. BidaskClub upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th.
Shares of TRS stock opened at $30.31 on Monday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 3.40 and a beta of 1.35. TriMas Corp has a 12 month low of $25.18 and a 12 month high of $33.45. The business’s 50-day moving average price is $30.73 and its 200-day moving average price is $30.23. The company has a current ratio of 2.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49.
TriMas (NASDAQ:TRS) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.06). The firm had revenue of $236.80 million for the quarter, compared to the consensus estimate of $241.92 million. TriMas had a net margin of 8.46% and a return on equity of 12.68%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, sell-side analysts predict that TriMas Corp will post 1.78 earnings per share for the current fiscal year.
In related news, CFO Robert J. Zalupski sold 7,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $30.20, for a total transaction of $226,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fisher Steven purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $2.32 per share, with a total value of $116,000.00. In the last 90 days, insiders have sold 41,100 shares of company stock valued at $1,264,853. Corporate insiders own 1.30% of the company’s stock.
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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