Wellington Management Group LLP Sells 169,743 Shares of TriMas Co. (NASDAQ:TRS)

Wellington Management Group LLP reduced its stake in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,449,616 shares of the industrial products company's stock after selling 169,743 shares during the period. Wellington Management Group LLP owned about 6.04% of TriMas worth $60,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRS. Charles Schwab Investment Management Inc. grew its position in shares of TriMas by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 582,846 shares of the industrial products company's stock valued at $14,880,000 after acquiring an additional 4,977 shares during the period. FMR LLC boosted its holdings in TriMas by 1.7% in the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company's stock worth $1,125,000 after buying an additional 729 shares during the period. State Street Corp boosted its holdings in TriMas by 4.1% in the 3rd quarter. State Street Corp now owns 994,114 shares of the industrial products company's stock worth $25,380,000 after buying an additional 39,497 shares during the period. Jane Street Group LLC boosted its holdings in TriMas by 74.4% in the 3rd quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company's stock worth $2,109,000 after buying an additional 35,258 shares during the period. Finally, XTX Topco Ltd bought a new position in TriMas in the 3rd quarter worth approximately $371,000. 99.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Jeffrey A. Fielkow acquired 2,500 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $20.78 per share, for a total transaction of $51,950.00. Following the transaction, the director now owns 11,013 shares in the company, valued at $228,850.14. This represents a 29.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shawn Sedaghat acquired 554,149 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $24.07 per share, for a total transaction of $13,338,366.43. Following the transaction, the director now owns 900,974 shares in the company, valued at approximately $21,686,444.18. This represents a 159.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 806,246 shares of company stock worth $19,338,213 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

TriMas Price Performance

NASDAQ TRS traded down $0.61 on Thursday, hitting $20.85. The stock had a trading volume of 31,469 shares, compared to its average volume of 302,620. TriMas Co. has a 52-week low of $19.33 and a 52-week 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 company has a market capitalization of $848.93 million, a price-to-earnings ratio of 32.58 and a beta of 0.55. The firm has a 50-day moving average of $23.15 and a 200-day moving average of $24.76.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 28th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, February 28th. TriMas's dividend payout ratio is presently 27.12%.

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.