Alliancebernstein L.P. held its position in TriMas Corp (NYSE:TRS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,210 shares of the industrial products company’s stock at the end of the first quarter. Alliancebernstein L.P. owned approximately 0.15% of TriMas Corp worth $1,395,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of TRS. Pzena Investment Management LLC increased its position in TriMas Corp by 34.9% in the first quarter. Pzena Investment Management LLC now owns 2,708,647 shares of the industrial products company’s stock valued at $56,204,000 after buying an additional 700,756 shares during the last quarter. First Manhattan Co. increased its position in TriMas Corp by 4.2% in the first quarter. First Manhattan Co. now owns 2,374,691 shares of the industrial products company’s stock valued at $44,192,000 after buying an additional 96,455 shares during the last quarter. First Trust Advisors LP increased its position in TriMas Corp by 37.1% in the first quarter. First Trust Advisors LP now owns 277,720 shares of the industrial products company’s stock valued at $5,763,000 after buying an additional 75,225 shares during the last quarter. Comerica Bank increased its position in TriMas Corp by 82.7% in the first quarter. Comerica Bank now owns 186,271 shares of the industrial products company’s stock valued at $4,349,000 after buying an additional 84,311 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in TriMas Corp by 26.9% in the first quarter. JPMorgan Chase & Co. now owns 120,754 shares of the industrial products company’s stock valued at $2,506,000 after buying an additional 25,594 shares during the last quarter.
TriMas Corp (NYSE:TRS) opened at 22.15 on Thursday. TriMas Corp has a 1-year low of $17.00 and a 1-year high of $24.25. The company’s market capitalization is $1.01 billion. The firm has a 50-day moving average price of $21.52 and a 200 day moving average price of $21.71.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $199.80 million during the quarter, compared to analysts’ expectations of $200.40 million. TriMas Corp had a return on equity of 5.55% and a net margin of 3.50%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities analysts predict that TriMas Corp will post $1.40 EPS for the current year.
Several research analysts have weighed in on TRS shares. ValuEngine downgraded TriMas Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded TriMas Corp from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. TriMas Corp currently has an average rating of “Hold” and a consensus target price of $23.00.
In other TriMas Corp news, insider Thomas A. Amato acquired 1,700 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was acquired at an average cost of $22.75 per share, for a total transaction of $38,675.00. Following the completion of the transaction, the insider now directly owns 57,379 shares of the company’s stock, valued at $1,305,372.25. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert J. Zalupski sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total value of $48,400.00. The disclosure for this sale can be found here.
TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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