Royce & Associates LP Acquires 77,000 Shares of TriMas Corporation (TRS)
Royce & Associates LP increased its holdings in shares of TriMas Corporation (NASDAQ:TRS) by 14.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 596,572 shares of the industrial products company’s stock after acquiring an additional 77,000 shares during the period. Royce & Associates LP owned about 1.30% of TriMas worth $16,107,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Fiduciary Management Inc. WI lifted its holdings in TriMas by 4.9% during the 3rd quarter. Fiduciary Management Inc. WI now owns 2,879,901 shares of the industrial products company’s stock valued at $77,757,000 after purchasing an additional 134,255 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of TriMas in the third quarter worth about $234,000. Van Den Berg Management I Inc. raised its stake in shares of TriMas by 255.4% in the third quarter. Van Den Berg Management I Inc. now owns 106,625 shares of the industrial products company’s stock worth $2,879,000 after acquiring an additional 76,625 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of TriMas by 2.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 311,763 shares of the industrial products company’s stock worth $8,418,000 after acquiring an additional 6,744 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of TriMas in the third quarter worth about $252,000. Institutional investors and hedge funds own 97.66% of the company’s stock.
TRS has been the subject of a number of research analyst reports. Seaport Global Securities downgraded shares of TriMas from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Friday, September 15th. BidaskClub downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of TriMas from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Two 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. The company presently has a consensus rating of “Hold” and a consensus target price of $25.25.
Shares of TriMas Corporation (NASDAQ TRS) opened at $26.20 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. The firm has a market cap of $1,200.18, a P/E ratio of 18.89, a P/E/G ratio of 2.88 and a beta of 2.05. TriMas Corporation has a 12 month low of $19.75 and a 12 month high of $28.85.
TriMas (NASDAQ:TRS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The business had revenue of $209.30 million during the quarter, compared to the consensus estimate of $208.89 million. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. TriMas’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. analysts predict that TriMas Corporation will post 1.4 EPS for the current year.
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TriMas Company 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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