Champlain Investment Partners LLC increased its holdings in TriMas Co. (NASDAQ:TRS) by 0.6% in the 1st quarter, Holdings Channel reports. The fund owned 3,356,985 shares of the industrial products company’s stock after purchasing an additional 19,760 shares during the period. Champlain Investment Partners LLC owned approximately 0.08% of TriMas worth $101,784,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in TriMas in the 4th quarter worth about $219,000. First Trust Advisors LP increased its position in TriMas by 9.5% in the 4th quarter. First Trust Advisors LP now owns 130,547 shares of the industrial products company’s stock worth $4,134,000 after purchasing an additional 11,353 shares during the last quarter. Swiss National Bank increased its position in TriMas by 4.1% in the 4th quarter. Swiss National Bank now owns 102,900 shares of the industrial products company’s stock worth $3,259,000 after purchasing an additional 4,100 shares during the last quarter. Aperio Group LLC increased its position in TriMas by 3.1% in the 4th quarter. Aperio Group LLC now owns 15,276 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 464 shares during the last quarter. Finally, BlackRock Inc. increased its position in TriMas by 3.0% in the 4th quarter. BlackRock Inc. now owns 3,080,910 shares of the industrial products company’s stock worth $97,574,000 after purchasing an additional 90,707 shares during the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised TriMas from a “sell” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, May 4th.
Shares of NASDAQ TRS opened at $32.27 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.63. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -17.54 and a beta of 0.75. The firm’s 50-day moving average is $32.03. TriMas Co. has a 52 week low of $21.43 and a 52 week high of $36.62.
TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Thursday, April 29th. The industrial products company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. TriMas had a positive return on equity of 11.87% and a negative net margin of 10.05%. As a group, analysts predict that TriMas Co. will post 2.17 earnings per share for the current year.
In other TriMas news, CEO Thomas A. Amato sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $32.14, for a total value of $482,100.00. Following the sale, the chief executive officer now owns 262,224 shares of the company’s stock, valued at approximately $8,427,879.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey M. Greene sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $32.25, for a total value of $209,625.00. Following the completion of the sale, the director now directly owns 8,619 shares in the company, valued at approximately $277,962.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,025 shares of company stock worth $1,447,819. 0.80% of the stock is currently owned by insiders.
About TriMas
TriMas Corporation manufactures and provides products for consumer products, aerospace, and industrial end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers specialty polymeric and steel closure and dispensing systems, including dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, and Rapak brands.
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