Impax Asset Management Group plc Buys 280,431 Shares of TriMas Co. (NASDAQ:TRS)

Impax Asset Management Group plc lifted its holdings in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 216.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,000 shares of the industrial products company's stock after buying an additional 280,431 shares during the period. Impax Asset Management Group plc owned approximately 1.01% of TriMas worth $10,467,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRS. Innealta Capital LLC purchased a new position in shares of TriMas in the 2nd quarter worth $26,000. Quantbot Technologies LP increased its position in shares of TriMas by 5.7% during the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company's stock valued at $239,000 after purchasing an additional 478 shares during the last quarter. Aristides Capital LLC bought a new position in shares of TriMas in the 2nd quarter worth approximately $245,000. Algert Global LLC boosted its holdings in shares of TriMas by 4.2% in the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company's stock worth $403,000 after buying an additional 639 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of TriMas by 17.4% in the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company's stock worth $412,000 after buying an additional 2,389 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TRS. BWS Financial reiterated a "buy" rating and set a $40.00 price target on shares of TriMas in a research note on Tuesday, November 5th. StockNews.com raised TriMas from a "sell" rating to a "hold" rating in a report on Wednesday.

TriMas Stock Performance

NASDAQ TRS traded down $0.04 on Friday, reaching $25.54. 290,707 shares of the stock were exchanged, compared to its average volume of 269,118. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas Co. has a one year low of $22.45 and a one year high of $28.51. The firm has a market capitalization of $1.04 billion, a PE ratio of 39.91 and a beta of 0.66. The company's 50-day simple moving average is $26.15 and its two-hundred day simple moving average is $25.86.

TriMas (NASDAQ:TRS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Analysts expect that TriMas Co. will post 1.74 EPS for the current fiscal year.

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas's dividend payout ratio is currently 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.