PNC Financial Services Group Inc. Has $125,000 Position in TriMas Co. (NASDAQ:TRS)

PNC Financial Services Group Inc. cut its stake in TriMas Co. (NASDAQ:TRS) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,944 shares of the industrial products company’s stock after selling 4,919 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TriMas were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRS. Trexquant Investment LP lifted its position in TriMas by 52.3% during the third quarter. Trexquant Investment LP now owns 26,054 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 8,949 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in TriMas in the 3rd quarter valued at $423,000. Vanguard Group Inc. grew its holdings in TriMas by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,215,033 shares of the industrial products company’s stock valued at $104,364,000 after buying an additional 34,517 shares in the last quarter. Diversified Trust Co increased its position in TriMas by 28.8% during the 4th quarter. Diversified Trust Co now owns 16,314 shares of the industrial products company’s stock worth $413,000 after buying an additional 3,643 shares during the period. Finally, First Hawaiian Bank boosted its position in shares of TriMas by 11.2% in the fourth quarter. First Hawaiian Bank now owns 28,760 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 2,886 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Activity

In other news, Director Herbert K. Parker acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $25.98 per share, with a total value of $25,980.00. Following the completion of the purchase, the director now directly owns 30,057 shares of the company’s stock, valued at approximately $780,880.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TriMas news, Director Herbert K. Parker acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $26.34 per share, for a total transaction of $39,510.00. Following the transaction, the director now directly owns 33,057 shares in the company, valued at $870,721.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Herbert K. Parker acquired 1,000 shares of TriMas stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $25.98 per share, for a total transaction of $25,980.00. Following the completion of the purchase, the director now directly owns 30,057 shares of the company’s stock, valued at $780,880.86. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 14,681 shares of company stock worth $387,053. 1.30% of the stock is currently owned by corporate insiders.

TriMas Trading Down 0.5 %

Shares of TRS stock opened at $25.20 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of 25.98 and a beta of 0.67. TriMas Co. has a 1 year low of $22.59 and a 1 year high of $28.93. The company has a current ratio of 2.73, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $26.35 and a 200 day simple moving average of $25.66.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The firm had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.60 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that TriMas Co. will post 2.03 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, May 6th. TriMas’s dividend payout ratio is currently 16.49%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Wednesday, May 1st.

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.