Jane Street Group LLC Grows Stock Position in TriMas Co. (NASDAQ:TRS)

Jane Street Group LLC grew its holdings in TriMas Co. (NASDAQ:TRS - Free Report) by 74.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 82,621 shares of the industrial products company's stock after buying an additional 35,258 shares during the period. Jane Street Group LLC owned 0.20% of TriMas worth $2,109,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Innealta Capital LLC acquired a new position in TriMas in the 2nd quarter valued at $26,000. Aristides Capital LLC acquired a new position in shares of TriMas during the second quarter worth about $245,000. Intech Investment Management LLC purchased a new position in TriMas during the third quarter worth about $269,000. Paloma Partners Management Co purchased a new stake in TriMas in the 3rd quarter valued at approximately $293,000. Finally, Algert Global LLC increased its position in TriMas by 4.2% during the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company's stock worth $403,000 after purchasing an additional 639 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

TriMas Price Performance

Shares of TRS stock traded up $0.05 during midday trading on Tuesday, reaching $24.59. 52,347 shares of the company traded hands, compared to its average volume of 263,104. The firm has a market cap of $997.67 million, a PE ratio of 38.42 and a beta of 0.66. 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 firm's 50 day simple moving average is $26.55 and its two-hundred day simple moving average is $25.70. TriMas Co. has a 1-year low of $22.45 and a 1-year high of $28.51.

TriMas (NASDAQ:TRS - Get Free Report) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.14). TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business had revenue of $229.36 million for the quarter, compared to analyst estimates of $239.33 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business's revenue was down 2.5% on a year-over-year basis. On average, equities research analysts expect that TriMas Co. will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.65%. The ex-dividend date was Tuesday, November 5th. TriMas's dividend payout ratio (DPR) is 25.00%.

Analysts Set New Price Targets

Several research firms have issued reports on TRS. StockNews.com upgraded TriMas from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. BWS Financial reaffirmed a "buy" rating and set a $40.00 price target on shares of TriMas in a research note on Tuesday, November 5th.

About TriMas

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.