TriMas Co. (NASDAQ:TRS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in TriMas Co. (NASDAQ:TRS - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,895,946 shares of the industrial products company's stock after buying an additional 82,068 shares during the period. Vanguard Group Inc. owned 9.60% of TriMas worth $95,801,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in TriMas by 1.7% in the third quarter. FMR LLC now owns 44,082 shares of the industrial products company's stock worth $1,125,000 after acquiring an additional 729 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of TriMas by 3.3% during 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. First Eagle Investment Management LLC raised its stake in TriMas by 1.8% in the fourth quarter. First Eagle Investment Management LLC now owns 257,506 shares of the industrial products company's stock worth $6,332,000 after buying an additional 4,500 shares in the last quarter. American Century Companies Inc. lifted its holdings in TriMas by 11.2% during the fourth quarter. American Century Companies Inc. now owns 78,876 shares of the industrial products company's stock worth $1,940,000 after buying an additional 7,938 shares during the period. Finally, Quantbot Technologies LP boosted its position in TriMas by 203.5% during the 4th quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock valued at $295,000 after acquiring an additional 8,031 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TriMas

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

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "buy" rating and set a $40.00 price objective on shares of TriMas in a research note on Friday, February 28th.

TriMas Stock Down 0.7 %

NASDAQ:TRS traded down $0.16 during midday trading on Tuesday, reaching $20.85. 19,436 shares of the stock traded hands, compared to its average volume of 303,467. The stock has a market capitalization of $848.73 million, a PE ratio of 32.61 and a beta of 0.55. TriMas Co. has a 12-month low of $19.33 and a 12-month 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. The business has a 50-day moving average of $22.97 and a two-hundred day moving average of $24.67.

TriMas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors 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 yield of 0.77%. TriMas's dividend payout ratio (DPR) is 27.12%.

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.