TriMas Corporation (TRS) Shares Sold by Susquehanna International Group LLP
Susquehanna International Group LLP trimmed its holdings in TriMas Corporation (NASDAQ:TRS) by 45.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 56,751 shares of the industrial products company’s stock after selling 46,708 shares during the quarter. Susquehanna International Group LLP owned about 0.12% of TriMas worth $1,532,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in TriMas by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,753,870 shares of the industrial products company’s stock worth $78,268,000 after buying an additional 106,133 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in TriMas by 4.9% in the 3rd quarter. Fiduciary Management Inc. WI now owns 2,879,901 shares of the industrial products company’s stock worth $77,757,000 after buying an additional 134,255 shares in the last quarter. Victory Capital Management Inc. bought a new stake in TriMas in the 3rd quarter worth about $42,807,000. State Street Corp increased its holdings in TriMas by 6.7% in the 2nd quarter. State Street Corp now owns 904,136 shares of the industrial products company’s stock worth $18,849,000 after buying an additional 56,764 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in TriMas by 14.8% in the 3rd quarter. Royce & Associates LP now owns 596,572 shares of the industrial products company’s stock worth $16,107,000 after buying an additional 77,000 shares in the last quarter. Institutional investors own 97.66% of the company’s stock.
In other news, insider Joshua A. Sherbin sold 13,828 shares of TriMas stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $25.50, for a total transaction of $352,614.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Swart sold 1,500 shares of TriMas stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $26.57, for a total value of $39,855.00. The disclosure for this sale can be found here. Insiders sold 18,944 shares of company stock worth $486,796 over the last three months. Insiders own 1.40% of the company’s stock.
TriMas (NASDAQ:TRS) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $209.30 million for the quarter, compared to analysts’ expectations of $208.89 million. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. equities analysts anticipate that TriMas Corporation will post 1.4 EPS for the current fiscal year.
Several equities research analysts recently commented on TRS shares. BidaskClub upgraded TriMas from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Seaport Global Securities cut TriMas from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Friday, September 15th. Finally, Zacks Investment Research cut TriMas from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.25.
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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