California Public Employees Retirement System cut its position in TriMas Corp (NASDAQ:TRS) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,094 shares of the industrial products company’s stock after selling 8,586 shares during the quarter. California Public Employees Retirement System’s holdings in TriMas were worth $5,270,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position 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 purchasing an additional 1,000 shares during the period. Nkcfo LLC bought a new position in TriMas during the fourth quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 1,556 shares during the period. Toronto Dominion Bank boosted its position 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 purchasing an additional 1,255 shares during the period. Finally, We Are One Seven LLC bought a new position in TriMas during the fourth quarter worth $138,000. 98.12% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on TRS shares. BidaskClub raised TriMas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. Zacks Investment Research downgraded TriMas from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of TriMas in a report on Monday, February 25th. Finally, Wells Fargo & Co lifted their target price on TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.50.
In related news, CFO Robert J. Zalupski sold 2,500 shares of the business’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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.
TRS opened at $31.35 on Friday. TriMas Corp has a fifty-two week low of $24.70 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.91 and a quick ratio of 1.68. The firm has a market cap of $1.41 billion, a PE ratio of 17.61, a PEG ratio of 3.29 and a beta of 1.58.
TriMas (NASDAQ:TRS) last posted its earnings results on Thursday, February 28th. The industrial products company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. TriMas had a return on equity of 13.61% and a net margin of 9.50%. The company had revenue of $211.35 million during the quarter, compared to the consensus estimate of $205.52 million. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that TriMas Corp will post 1.88 EPS for the current year.
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TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.
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