Amundi Pioneer Asset Management Inc. Takes $126,000 Position in TriMas Corp (NASDAQ:TRS)

Amundi Pioneer Asset Management Inc. acquired a new stake in shares of TriMas Corp (NASDAQ:TRS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,600 shares of the industrial products company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its holdings in shares of TriMas by 351.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,465 shares of the industrial products company’s stock valued at $395,000 after buying an additional 11,261 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in TriMas by 26.3% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 31,700 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 6,600 shares in the last quarter. Bank of America Corp DE grew its stake in TriMas by 20.2% during the 4th quarter. Bank of America Corp DE now owns 66,396 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 11,161 shares in the last quarter. Mackay Shields LLC acquired a new stake in TriMas during the 4th quarter valued at approximately $404,000. Finally, Lord Abbett & CO. LLC acquired a new stake in TriMas during the 4th quarter valued at approximately $6,736,000. 99.82% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. BidaskClub upgraded TriMas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. BMO Capital Markets restated a “buy” rating and set a $36.00 price objective on shares of TriMas in a research note on Monday, February 25th. Finally, Wells Fargo & Co raised their price objective on TriMas from $30.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.50.

NASDAQ TRS traded up $0.33 during mid-day trading on Friday, reaching $31.25. 276,753 shares of the company’s stock traded hands, compared to its average volume of 150,942. The firm has a market cap of $1.43 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 3.30 and a beta of 1.55. The company has a quick ratio of 1.68, a current ratio of 2.91 and a debt-to-equity ratio of 0.47. TriMas Corp has a 1-year low of $25.18 and a 1-year high of $33.45.

TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $221.29 million during the quarter, compared to analyst estimates of $225.12 million. TriMas had a return on equity of 13.74% and a net margin of 8.86%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. On average, analysts anticipate that TriMas Corp will post 1.88 earnings per share for the current year.

In other news, CFO Robert J. Zalupski sold 2,500 shares of TriMas stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $32.01, for a total value of $80,025.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company 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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