Citadel Advisors LLC Has $2.95 Million Holdings in TriMas Corporation (TRS)
Citadel Advisors LLC lowered its stake in TriMas Corporation (NASDAQ:TRS) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,112 shares of the industrial products company’s stock after selling 25,196 shares during the period. Citadel Advisors LLC owned about 0.24% of TriMas worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also modified their holdings of TRS. Acrospire Investment Management LLC raised its position in shares of TriMas by 148.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,085 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 3,041 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of TriMas by 231.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 5,404 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of TriMas by 114.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 3,623 shares in the last quarter. Sei Investments Co. raised its position in shares of TriMas by 32.2% during the 2nd quarter. Sei Investments Co. now owns 9,276 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 2,259 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of TriMas during the 3rd quarter worth about $227,000. 97.62% of the stock is currently owned by institutional investors and hedge funds.
In other TriMas news, insider Joshua A. Sherbin sold 13,828 shares of TriMas stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $25.50, for a total value of $352,614.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert J. Zalupski sold 2,816 shares of TriMas stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $25.94, for a total value of $73,047.04. The disclosure for this sale can be found here. Insiders have sold a total of 18,944 shares of company stock worth $486,796 in the last 90 days. 1.40% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on the company. BidaskClub lowered TriMas from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. J P Morgan Chase & Co upgraded TriMas from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 9th. Zacks Investment Research downgraded TriMas from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Seaport Global Securities downgraded TriMas from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.25.
TriMas Corporation (NASDAQ:TRS) opened at $25.70 on Friday. The stock has a market capitalization of $1,184.18, a P/E ratio of 18.63, a P/E/G ratio of 2.84 and a beta of 2.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. TriMas Corporation has a 12 month low of $19.75 and a 12 month high of $28.85.
TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $209.30 million for the quarter, compared to the consensus estimate of $208.89 million. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. analysts expect that TriMas Corporation will post 1.4 earnings per share for the current fiscal year.
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TriMas 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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