SG Americas Securities LLC Takes Position in TriMas Co. (NASDAQ:TRS)

SG Americas Securities LLC purchased a new stake in shares of TriMas Co. (NASDAQ:TRS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 8,112 shares of the industrial products company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in TriMas by 90.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,144 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 544 shares during the period. PNC Financial Services Group Inc. lifted its holdings in TriMas by 182.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,912 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 1,880 shares during the period. UBS Group AG lifted its holdings in TriMas by 80.9% in the third quarter. UBS Group AG now owns 3,614 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 1,616 shares during the period. Acadian Asset Management LLC bought a new position in TriMas in the first quarter valued at about $152,000. Finally, Citigroup Inc. lifted its holdings in TriMas by 369.8% in the first quarter. Citigroup Inc. now owns 6,244 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 4,915 shares during the period. 99.42% of the stock is owned by institutional investors.

TriMas Stock Down 1.8 %

TRS stock opened at $25.35 on Friday. TriMas Co. has a fifty-two week low of $22.59 and a fifty-two week high of $29.07. The business’s 50-day moving average is $25.31 and its two-hundred day moving average is $24.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.29 and a current ratio of 2.49. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 26.13 and a beta of 0.71.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The company had revenue of $209.60 million during the quarter, compared to analysts’ expectations of $246.44 million. TriMas had a return on equity of 8.85% and a net margin of 4.52%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. As a group, analysts forecast that TriMas Co. will post 1.94 earnings per share for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 29th. TriMas’s payout ratio is 16.49%.

Insiders Place Their Bets

In related news, CEO Thomas A. Amato purchased 10,000 shares of TriMas stock in a transaction on Friday, March 1st. The stock was acquired at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the transaction, the chief executive officer now directly owns 286,168 shares in the company, valued at approximately $6,759,288.16. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

TriMas Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. 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.