Legal & General Group Plc decreased its holdings in shares of TriMas Corp (NASDAQ:TRS) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,591 shares of the industrial products company’s stock after selling 1,961 shares during the quarter. Legal & General Group Plc owned 0.08% of TriMas worth $845,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Ancora Advisors LLC purchased a new position in TriMas in the fourth quarter valued at about $35,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TriMas by 23.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,748 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 715 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in TriMas in the fourth quarter valued at about $95,000. Northwestern Mutual Wealth Management Co. purchased a new position in TriMas in the first quarter valued at about $121,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of TriMas by 105.2% in the first quarter. Nisa Investment Advisors LLC now owns 5,480 shares of the industrial products company’s stock worth $127,000 after buying an additional 2,810 shares during the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.
NASDAQ TRS opened at $23.81 on Wednesday. TriMas Corp has a twelve month low of $18.05 and a twelve month high of $33.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.30 and a current ratio of 4.64. The stock has a market capitalization of $984.96 million, a PE ratio of 11.61 and a beta of 1.03. The stock has a 50-day simple moving average of $22.75 and a 200 day simple moving average of $25.94.
A number of analysts have weighed in on TRS shares. BidaskClub raised TriMas from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised TriMas from a “sell” rating to a “hold” rating and set a $21.00 price target for the company in a research report on Saturday, May 16th. Finally, William Blair raised TriMas from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 2nd.
In other TriMas news, Director Holly M. Boehne acquired 2,582 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $19.31 per share, with a total value of $49,858.42. Following the transaction, the director now owns 6,952 shares of the company’s stock, valued at $134,243.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.
TriMas Company Profile
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.
See Also: Institutional Investors
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