D. E. Shaw & Co. Inc. Sells 8,410 Shares of TriMas Corp (NASDAQ:TRS)

D. E. Shaw & Co. Inc. cut its position in TriMas Corp (NASDAQ:TRS) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,588 shares of the industrial products company’s stock after selling 8,410 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.38% of TriMas worth $4,792,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Chicago Equity Partners LLC grew its stake in TriMas by 0.9% in the fourth quarter. Chicago Equity Partners LLC now owns 46,800 shares of the industrial products company’s stock valued at $1,277,000 after acquiring an additional 400 shares during the period. Nisa Investment Advisors LLC lifted its holdings in TriMas by 212.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,470 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 1,000 shares during the period. Toronto Dominion Bank lifted its holdings in TriMas by 49.3% during the fourth quarter. Toronto Dominion Bank now owns 3,799 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 1,255 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TriMas by 70.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,755 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 1,556 shares during the period. Finally, FMR LLC lifted its holdings in TriMas by 16.1% during the third quarter. FMR LLC now owns 12,075 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 1,675 shares during the period.

Several analysts have issued reports on the company. BidaskClub lowered TriMas from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 27th. BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of TriMas in a research note on Monday, February 25th. Wells Fargo & Co boosted their target price on TriMas from $30.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.50.

Shares of TRS traded up $0.09 during mid-day trading on Friday, hitting $32.41. The stock had a trading volume of 243,075 shares, compared to its average volume of 134,575. The firm has a market cap of $1.48 billion, a PE ratio of 18.52, a PEG ratio of 3.46 and a beta of 1.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.91 and a quick ratio of 1.68. TriMas Corp has a 52 week low of $25.18 and a 52 week high of $32.92.

TriMas (NASDAQ:TRS) last issued its earnings results on Thursday, February 28th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. TriMas had a return on equity of 13.61% and a net margin of 9.50%. The firm had revenue of $211.35 million for the quarter, compared to analyst estimates of $205.52 million. During the same period in the previous year, the company posted $0.31 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that TriMas Corp will post 1.88 earnings per share for the current fiscal year.

In other news, CFO Robert J. Zalupski sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $32.01, for a total value of $80,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

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About TriMas

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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Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

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