Quest Partners LLC Sells 21,942 Shares of TriMas Co. (NASDAQ:TRS)

Quest Partners LLC trimmed its holdings in TriMas Co. (NASDAQ:TRS) by 66.0% in the 3rd quarter, Holdings Channel reports. The fund owned 11,325 shares of the industrial products company’s stock after selling 21,942 shares during the quarter. Quest Partners LLC’s holdings in TriMas were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC boosted its holdings in TriMas by 4.2% in the 2nd 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 during the period. Rhumbline Advisers increased its stake in TriMas by 1.4% during the second quarter. Rhumbline Advisers now owns 69,328 shares of the industrial products company’s stock valued at $1,772,000 after acquiring an additional 985 shares during the period. Innealta Capital LLC acquired a new position in TriMas in the 2nd quarter valued at approximately $26,000. Diversified Trust Co lifted its position in shares of TriMas by 5.0% in the 2nd quarter. Diversified Trust Co now owns 22,719 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 1,072 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of TriMas by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company’s stock worth $639,000 after purchasing an additional 1,478 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Trading Up 0.1 %

TRS stock opened at $26.99 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.09 billion, a P/E ratio of 42.17 and a beta of 0.66. TriMas Co. has a 1-year low of $22.45 and a 1-year high of $28.51. The business’s 50 day moving average is $26.34 and its 200-day moving average is $25.86.

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

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.04 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. TriMas’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Ratings Changes

Several research analysts recently commented on TRS shares. BWS Financial reaffirmed a “buy” rating and issued a $40.00 target price on shares of TriMas in a research report on Tuesday, November 5th. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a report 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.