Swiss National Bank Sells 9,600 Shares of TriMas Co. (NASDAQ:TRS)

Swiss National Bank cut its position in shares of TriMas Co. (NASDAQ:TRS) by 10.5% during the 4th quarter, HoldingsChannel reports. The firm owned 81,700 shares of the industrial products company’s stock after selling 9,600 shares during the period. Swiss National Bank’s holdings in TriMas were worth $2,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of TriMas during the fourth quarter valued at approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TriMas by 31.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 2,173 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of TriMas by 19.8% during the fourth quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 2,500 shares in the last quarter. Sendero Wealth Management LLC raised its position in shares of TriMas by 8.7% in the 4th quarter. Sendero Wealth Management LLC now owns 16,021 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in TriMas by 28.8% in the 4th quarter. Diversified Trust Co now owns 16,314 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 3,643 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Thomas A. Amato bought 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the purchase, the chief executive officer now owns 286,168 shares in the company, valued at $6,759,288.16. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Thomas A. Amato purchased 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the purchase, the chief executive officer now directly owns 286,168 shares in the company, valued at approximately $6,759,288.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Herbert K. Parker acquired 1,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $25.98 per share, for a total transaction of $25,980.00. Following the purchase, the director now directly owns 30,057 shares in the company, valued at $780,880.86. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 25,681 shares of company stock worth $647,113. 1.10% of the stock is owned by insiders.

TriMas Stock Performance

TRS stock opened at $27.10 on Friday. The stock has a market capitalization of $1.10 billion, a PE ratio of 27.94 and a beta of 0.71. The stock’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $25.44. TriMas Co. has a 12-month low of $22.59 and a 12-month high of $29.07. The company has a current ratio of 2.73, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63.

TriMas (NASDAQ:TRS) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The company had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.60 million. During the same period last year, the firm posted $0.30 earnings per share. TriMas’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that TriMas Co. will post 2 earnings per share for the current fiscal year.

TriMas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. TriMas’s dividend payout ratio (DPR) is 16.49%.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $40.00 price objective on shares of TriMas in a research note on Wednesday, May 1st.

About TriMas

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.