Barclays PLC Acquires 53,203 Shares of TriMas Co. (NASDAQ:TRS)

Barclays PLC increased its holdings in TriMas Co. (NASDAQ:TRS) by 341.3% in the third quarter, Holdings Channel.com reports. The firm owned 68,792 shares of the industrial products company’s stock after acquiring an additional 53,203 shares during the period. Barclays PLC’s holdings in TriMas were worth $1,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TRS. Impax Asset Management Group plc lifted its position in TriMas by 216.4% in the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock valued at $10,467,000 after purchasing an additional 280,431 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of TriMas by 10.7% in the third quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after buying an additional 252,537 shares during the period. Invenomic Capital Management LP bought a new stake in TriMas during the 3rd quarter valued at $3,655,000. Western Standard LLC boosted its position in TriMas by 86.6% during the 3rd quarter. Western Standard LLC now owns 169,069 shares of the industrial products company’s stock valued at $4,316,000 after buying an additional 78,450 shares during the period. Finally, Atom Investors LP grew its holdings in TriMas by 62.0% in the 3rd quarter. Atom Investors LP now owns 179,328 shares of the industrial products company’s stock worth $4,578,000 after acquiring an additional 68,608 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

TRS has been the subject of several recent analyst reports. BWS Financial reaffirmed a “buy” rating and set a $40.00 price objective on shares of TriMas in a research note on Tuesday, November 5th. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

TriMas Stock Performance

Shares of TRS stock opened at $22.79 on Friday. The firm has a market capitalization of $924.64 million, a price-to-earnings ratio of 35.61 and a beta of 0.67. The stock has a fifty day moving average of $25.53 and a 200 day moving average of $25.51. TriMas Co. has a 52 week low of $22.24 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.

TriMas (NASDAQ:TRS) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The company had revenue of $229.36 million during the quarter, compared to analysts’ expectations of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. As a group, research analysts expect that TriMas Co. will post 1.69 earnings per share for the current year.

TriMas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 annualized dividend and a yield of 0.70%. TriMas’s payout ratio is 25.00%.

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.