Pzena Investment Management LLC Has $52.15 Million Holdings in TriMas Co. (NASDAQ:TRS)

Pzena Investment Management LLC lowered its position in TriMas Co. (NASDAQ:TRS - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,120,612 shares of the industrial products company's stock after selling 21,935 shares during the quarter. Pzena Investment Management LLC owned approximately 5.23% of TriMas worth $52,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in TriMas in the fourth quarter valued at about $6,698,000. Charles Schwab Investment Management Inc. grew its stake in TriMas by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company's stock valued at $14,889,000 after purchasing an additional 22,656 shares in the last quarter. Bellecapital International Ltd. purchased a new position in TriMas in the fourth quarter valued at about $29,160,000. Bank of New York Mellon Corp grew its stake 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in TriMas by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock valued at $982,000 after purchasing an additional 1,227 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

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Insider Activity at TriMas

In other TriMas news, Director Jeffrey A. Fielkow bought 2,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $20.78 per share, for a total transaction of $51,950.00. Following the purchase, the director now directly owns 11,013 shares in the company, valued at $228,850.14. This trade represents a 29.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Mell sold 2,218 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total value of $49,993.72. Following the sale, the chief financial officer now owns 26,288 shares of the company's stock, valued at approximately $592,531.52. The trade was a 7.78 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 806,246 shares of company stock worth $19,338,213 in the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BWS Financial restated a "buy" rating and issued a $40.00 target price on shares of TriMas in a research note on Friday, February 28th. StockNews.com upgraded TriMas from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

TriMas Stock Down 0.7 %

Shares of TRS traded down $0.17 during trading hours on Tuesday, hitting $23.98. 359,588 shares of the company were exchanged, compared to its average volume of 276,375. The company has a market cap of $973.18 million, a PE ratio of 37.47 and a beta of 0.65. The firm's 50 day moving average is $23.56 and its 200-day moving average is $25.07. TriMas Co. has a 52 week low of $19.33 and a 52 week high of $28.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 28th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.67%. TriMas's dividend payout ratio (DPR) is presently 27.12%.

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.