TriMas Co. (NASDAQ:TRS) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in TriMas Co. (NASDAQ:TRS - Free Report) by 38.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,560 shares of the industrial products company's stock after buying an additional 71,088 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.63% of TriMas worth $6,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRS. Bellecapital International Ltd. bought a new position in shares of TriMas during the fourth quarter valued at about $29,160,000. Raymond James Financial Inc. bought a new position in TriMas in the fourth quarter valued at $6,698,000. Wellington Management Group LLP lifted its holdings in shares of TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company's stock worth $66,872,000 after acquiring an additional 252,537 shares during the last quarter. Norges Bank purchased a new position in TriMas in the 4th quarter worth approximately $3,602,000. Finally, Vanguard Group Inc. raised its stake in shares of TriMas by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,895,946 shares of the industrial products company's stock valued at $95,801,000 after acquiring an additional 82,068 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a "buy" rating and issued a $40.00 price target on shares of TriMas in a research report on Friday, February 28th.

Insider Activity at TriMas

In other TriMas news, Director Jeffrey A. Fielkow bought 2,500 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $20.78 per share, for a total transaction of $51,950.00. Following the acquisition, the director now directly owns 11,013 shares in the company, valued at approximately $228,850.14. The trade was a 29.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott A. Mell sold 2,218 shares of the firm's 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 transaction, the chief financial officer now directly owns 26,288 shares in the company, valued at $592,531.52. This trade represents a 7.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 806,246 shares of company stock worth $19,338,213. Insiders own 1.10% of the company's stock.

TriMas Price Performance

Shares of TriMas stock traded up $0.39 during trading on Friday, reaching $21.17. 178,514 shares of the stock traded hands, compared to its average volume of 304,016. 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 current ratio of 2.83 and a quick ratio of 1.44. The business has a fifty day simple moving average of $23.03 and a two-hundred day simple moving average of $24.70. The company has a market capitalization of $861.96 million, a price-to-earnings ratio of 33.08 and a beta of 0.55.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 28th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. TriMas's dividend payout ratio is presently 27.12%.

TriMas Company 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.