TriMas Co. (NASDAQ:TRS) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI decreased its stake in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,610,861 shares of the industrial products company's stock after selling 578,635 shares during the quarter. Fiduciary Management Inc. WI owned about 6.44% of TriMas worth $64,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after buying an additional 1,158 shares during the last quarter. JPMorgan Chase & Co. increased its stake in TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock worth $982,000 after acquiring an additional 1,227 shares during the last quarter. First Eagle Investment Management LLC increased its stake in TriMas by 1.8% during 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 acquiring an additional 4,500 shares during the last quarter. Quinn Opportunity Partners LLC raised its position in TriMas by 9.9% in the fourth quarter. Quinn Opportunity Partners LLC now owns 62,669 shares of the industrial products company's stock valued at $1,541,000 after purchasing an additional 5,669 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of TriMas by 21.1% in the 4th quarter. Wells Fargo & Company MN now owns 37,729 shares of the industrial products company's stock valued at $928,000 after purchasing an additional 6,573 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Insider Activity

In related news, CFO Scott A. Mell sold 2,218 shares of TriMas stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total value of $49,993.72. Following the completion of the transaction, the chief financial officer now owns 26,288 shares in the company, valued at approximately $592,531.52. The trade was a 7.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shawn Sedaghat bought 554,149 shares of TriMas stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $24.07 per share, for a total transaction of $13,338,366.43. Following the completion of the acquisition, the director now owns 900,974 shares in the company, valued at $21,686,444.18. This represents a 159.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 806,246 shares of company stock valued at $19,338,213. 14.20% of the stock is currently owned by corporate insiders.

TriMas Trading Up 1.9 %

Shares of NASDAQ:TRS traded up $0.40 during mid-day trading on Thursday, reaching $21.39. 1,145,584 shares of the company were exchanged, compared to its average volume of 309,701. TriMas Co. has a 1 year low of $19.33 and a 1 year 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 firm's 50-day simple moving average is $22.49 and its 200 day simple moving average is $24.45. The firm has a market cap of $870.92 million, a price-to-earnings ratio of 33.42 and a beta of 0.55.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.75%. TriMas's dividend payout ratio is currently 27.12%.

Analyst Upgrades and Downgrades

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

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.