TriMas Co. (NASDAQ:TRS) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its stake in TriMas Co. (NASDAQ:TRS) by 74.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,621 shares of the industrial products company’s stock after purchasing an additional 35,258 shares during the period. Jane Street Group LLC owned about 0.20% of TriMas worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in TriMas in the second quarter valued at $26,000. Aristides Capital LLC purchased a new position in shares of TriMas in the 2nd quarter valued at about $245,000. Intech Investment Management LLC acquired a new stake in shares of TriMas during the 3rd quarter worth about $269,000. Paloma Partners Management Co purchased a new stake in TriMas during the third quarter worth approximately $293,000. Finally, Algert Global LLC boosted its holdings in TriMas by 4.2% in the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 639 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Trading Up 0.1 %

NASDAQ:TRS opened at $24.54 on Tuesday. The company has a market capitalization of $995.64 million, a PE ratio of 38.34 and a beta of 0.66. TriMas Co. has a 52-week low of $22.45 and a 52-week high of $28.51. The stock’s 50 day moving average price is $26.55 and its 200 day moving average price is $25.70. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60.

TriMas (NASDAQ:TRS) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.14). The business had revenue of $229.36 million for the quarter, compared to analyst estimates of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. TriMas’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. On average, research analysts anticipate that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.16 annualized dividend and a yield of 0.65%. TriMas’s dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

A number of research firms have weighed in on TRS. BWS Financial reissued a “buy” rating and set a $40.00 price objective on shares of TriMas in a report on Tuesday, November 5th. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

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.