1 week Ago By ABMN Staff
Legal & General Group Plc decreased its holdings in TriMas Co. ( NASDAQ:TRS – Free Report ) by 14.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 39,088 shares of the industrial products company’s stock after selling 6,624 shares during the quarter. Legal & General Group Plc’s holdings in TriMas were worth $961,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Barclays PLC raised its holdings in shares of TriMas by 341.3% in the third quarter. Barclays PLC now owns 68,792 shares of the industrial products company’s stock worth $1,755,000 after buying an additional 53,203 shares during the last quarter.
JPMorgan Chase & Co. boosted its holdings in shares of TriMas by 3.3% in the 3rd quarter.
JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after acquiring an additional 1,227 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in TriMas by 4.
7% in the fourth quarter. Bank of New York Mellon Corp now owns 246,097 shares of the industrial products company’s stock valued at $6,052,000 after purchasing an additional 11,125 shares during the last quarter. Bellecapital International Ltd.
acquired a new stake in TriMas during the 4th quarter worth about $29,160,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of TriMas by 3.
9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company’s stock valued at $14,889,000 after buying an additional 22,656 shares during the last quarter.
99.42% of the stock is currently owned by hedge funds and other institutional investors. TriMas Stock Down 0.
3 % Shares of NASDAQ TRS opened at $21.33 on Monday. TriMas Co.
has a 52-week low of $19.33 and a 52-week high of $28.51.
The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.
60. The company’s 50-day simple moving average is $22.39 and its 200-day simple moving average is $24.
39. The firm has a market cap of $868.47 million, a price-to-earnings ratio of 33.
33 and a beta of 0.55. TriMas Dividend Announcement Analysts Set New Price Targets Separately, BWS Financial reiterated a “buy” rating and set a $40.
00 price target on shares of TriMas in a research report on Friday, February 28th. Read Our Latest Stock Report on TRS Insider Buying and Selling In other TriMas news, CFO Scott A. Mell sold 2,218 shares of the stock in a transaction dated Thursday, March 6th.
The shares were sold at an average price of $22.54, for a total transaction of $49,993.72.
Following the completion of the transaction, the chief financial officer now owns 26,288 shares of the company’s stock, valued at $592,531.52. This trade represents a 7.
78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, Director Shawn Sedaghat acquired 554,149 shares of the stock in a transaction that occurred on Monday, March 10th.
The shares were bought at an average cost of $24.07 per share, with a total value of $13,338,366.43.
Following the transaction, the director now directly owns 900,974 shares in the company, valued at $21,686,444.18. This trade represents a 159.
78 % increase in their position. The disclosure for this purchase can be found here . Over the last 90 days, insiders have purchased 806,246 shares of company stock worth $19,338,213.
14.20% of the stock is owned by corporate insiders. About TriMas ( Free Report ) 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. Read More Want to see what other hedge funds are holding TRS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for TriMas Co. ( NASDAQ:TRS – Free Report ). Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.
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