Allspring Global Investments Holdings LLC Cuts Holdings in TriMas Co. (NASDAQ:TRS)

Allspring Global Investments Holdings LLC decreased its position in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,126,743 shares of the industrial products company's stock after selling 18,493 shares during the period. Allspring Global Investments Holdings LLC owned about 7.71% of TriMas worth $74,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of TriMas by 1.7% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. boosted its position 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 buying an additional 1,227 shares in the last quarter. Inspire Investing LLC boosted its position in TriMas by 17.4% in the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company's stock valued at $412,000 after buying an additional 2,389 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in TriMas by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 582,846 shares of the industrial products company's stock valued at $14,880,000 after buying an additional 4,977 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in TriMas by 8.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 79,822 shares of the industrial products company's stock valued at $2,038,000 after buying an additional 6,344 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

TRS has been the topic of a number of research analyst reports. StockNews.com upgraded shares of TriMas from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. BWS Financial restated a "buy" rating and issued a $40.00 target price on shares of TriMas in a research report on Thursday, January 23rd.

TriMas Trading Down 0.5 %

Shares of TRS stock traded down $0.11 during trading hours on Friday, hitting $23.88. 132,440 shares of the company's stock traded hands, compared to its average volume of 209,046. The stock's 50 day simple moving average is $24.41 and its 200 day simple moving average is $25.21. The stock has a market cap of $968.81 million, a PE ratio of 37.31 and a beta of 0.66. TriMas Co. has a 12 month low of $22.24 and a 12 month high of $28.51. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60.

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.