Keybank National Association OH Acquires New Position in TriMas Corporation (TRS)
Keybank National Association OH acquired a new stake in shares of TriMas Corporation (NASDAQ:TRS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,075 shares of the industrial products company’s stock, valued at approximately $1,001,000. Keybank National Association OH owned approximately 0.08% of TriMas Corporation as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRS. Teachers Advisors LLC raised its stake in TriMas Corporation by 3.0% during the first quarter. Teachers Advisors LLC now owns 78,848 shares of the industrial products company’s stock valued at $1,636,000 after buying an additional 2,268 shares in the last quarter. Vanguard Group Inc. raised its stake in TriMas Corporation by 4.7% during the first quarter. Vanguard Group Inc. now owns 3,647,737 shares of the industrial products company’s stock valued at $75,691,000 after buying an additional 164,476 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TriMas Corporation by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 356,625 shares of the industrial products company’s stock worth $7,399,000 after purchasing an additional 14,077 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of TriMas Corporation during the 1st quarter worth approximately $357,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of TriMas Corporation by 10.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 301,417 shares of the industrial products company’s stock worth $6,255,000 after purchasing an additional 28,051 shares during the period.
Shares of TriMas Corporation (TRS) opened at $24.90 on Wednesday. TriMas Corporation has a 1 year low of $19.75 and a 1 year high of $28.85. The firm has a market capitalization of $1,138.46, a P/E ratio of 17.91, a PEG ratio of 2.73 and a beta of 2.07. The company has a current ratio of 2.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62.
TriMas Corporation (NASDAQ:TRS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. TriMas Corporation had a positive return on equity of 12.18% and a negative net margin of 4.01%. The business had revenue of $209.30 million during the quarter, compared to analyst estimates of $208.89 million. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts predict that TriMas Corporation will post 1.4 earnings per share for the current fiscal year.
In related news, insider Paul Swart sold 1,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.57, for a total value of $39,855.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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A number of brokerages have recently weighed in on TRS. BidaskClub cut TriMas Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research cut TriMas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Seaport Global Securities cut TriMas Corporation from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Friday, September 15th. J P Morgan Chase & Co upgraded TriMas Corporation from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $24.00 price target (up from $22.00) on shares of TriMas Corporation in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.25.
TriMas Corporation Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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