TriMas Corp (NASDAQ:TRS) Position Decreased by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in shares of TriMas Corp (NASDAQ:TRS) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,551,978 shares of the industrial products company’s stock after selling 234,957 shares during the period. Pzena Investment Management LLC owned approximately 3.40% of TriMas worth $48,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TRS. Quantamental Technologies LLC raised its stake in shares of TriMas by 1,552.0% in the first quarter. Quantamental Technologies LLC now owns 1,619 shares of the industrial products company’s stock valued at $49,000 after buying an additional 1,521 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of TriMas by 54.4% during the first quarter. Nisa Investment Advisors LLC now owns 2,270 shares of the industrial products company’s stock valued at $69,000 after buying an additional 800 shares during the last quarter. Toronto Dominion Bank boosted its position in TriMas by 29.0% in the first quarter. Toronto Dominion Bank now owns 4,900 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,101 shares during the last quarter. Zions Bancorporation N.A. purchased a new position in TriMas in the first quarter worth $196,000. Finally, Nkcfo LLC boosted its position in TriMas by 122.8% in the first quarter. Nkcfo LLC now owns 8,346 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 4,600 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

In other news, Director Eugene A. Miller sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $30.01, for a total transaction of $300,100.00. Following the completion of the transaction, the director now directly owns 99,425 shares in the company, valued at $2,983,744.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua A. Sherbin sold 21,355 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $30.26, for a total value of $646,202.30. Following the transaction, the insider now owns 74,688 shares of the company’s stock, valued at $2,260,058.88. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Shares of TRS stock traded up $0.27 during trading on Friday, hitting $29.20. 2,407 shares of the company were exchanged, compared to its average volume of 128,912. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.78. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 3.07 and a beta of 1.45. The business’s 50-day simple moving average is $30.36 and its 200 day simple moving average is $30.59. TriMas Corp has a twelve month low of $25.18 and a twelve month high of $33.45.

TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. TriMas had a return on equity of 13.32% and a net margin of 8.99%. The business had revenue of $239.37 million during the quarter, compared to analyst estimates of $240.57 million. During the same period in the previous year, the firm earned $0.48 EPS. TriMas’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that TriMas Corp will post 1.91 earnings per share for the current fiscal year.

Separately, BidaskClub lowered TriMas from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TriMas currently has a consensus rating of “Hold” and an average price target of $34.50.

TriMas 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.

Further Reading: Hold Rating

Want to see what other hedge funds are holding TRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriMas Corp (NASDAQ:TRS).

Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.