Swiss National Bank Sells 10,700 Shares of TriMas Co. (NASDAQ:TRS)

Swiss National Bank cut its holdings in shares of TriMas Co. (NASDAQ:TRS) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,600 shares of the industrial products company’s stock after selling 10,700 shares during the quarter. Swiss National Bank owned approximately 0.22% of TriMas worth $2,524,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRS. Vanguard Group Inc. lifted its position in TriMas by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,080,071 shares of the industrial products company’s stock valued at $130,930,000 after purchasing an additional 44,136 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of TriMas by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 3,175,434 shares of the industrial products company’s stock valued at $88,087,000 after acquiring an additional 24,364 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of TriMas by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,321,341 shares of the industrial products company’s stock valued at $64,394,000 after acquiring an additional 40,084 shares in the last quarter. State Street Corp boosted its holdings in TriMas by 2.0% in the second quarter. State Street Corp now owns 899,328 shares of the industrial products company’s stock worth $24,902,000 after purchasing an additional 17,655 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TriMas by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 801,914 shares of the industrial products company’s stock worth $22,245,000 after purchasing an additional 26,339 shares during the last quarter.

TriMas Trading Down 4.8 %

Shares of TriMas stock opened at $25.20 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 1.50 and a debt-to-equity ratio of 0.63. TriMas Co. has a 12-month low of $21.41 and a 12-month high of $31.89. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.91 and a beta of 0.71. The firm’s 50 day simple moving average is $26.64 and its two-hundred day simple moving average is $26.96.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. TriMas had a net margin of 5.52% and a return on equity of 9.71%. The business had revenue of $233.19 million during the quarter, compared to analyst estimates of $255.81 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts predict that TriMas Co. will post 1.91 EPS for the current year.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. TriMas’s payout ratio is 13.91%.

Insider Buying and Selling at TriMas

In related news, CAO Paul Swart sold 5,500 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $27.41, for a total value of $150,755.00. Following the sale, the chief accounting officer now directly owns 26,749 shares in the company, valued at approximately $733,190.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TriMas news, CFO Scott A. Mell sold 1,200 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $25.80, for a total transaction of $30,960.00. Following the completion of the transaction, the chief financial officer now directly owns 25,664 shares of the company’s stock, valued at approximately $662,131.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Paul Swart sold 5,500 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $27.41, for a total value of $150,755.00. Following the sale, the chief accounting officer now directly owns 26,749 shares of the company’s stock, valued at $733,190.09. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BWS Financial began coverage on shares of TriMas in a report on Monday, May 22nd. They issued a “buy” rating and a $40.00 price target on the stock. StockNews.com started coverage on shares of TriMas in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

TriMas Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers 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, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.