JPMorgan Chase & Co. Raises Position in TriMas Co. (NASDAQ:TRS)

JPMorgan Chase & Co. lifted its stake in shares of TriMas Co. (NASDAQ:TRS) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,461 shares of the industrial products company’s stock after buying an additional 1,227 shares during the quarter. JPMorgan Chase & Co. owned 0.09% of TriMas worth $982,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aristides Capital LLC purchased a new stake in shares of TriMas during the second quarter valued at approximately $245,000. Intech Investment Management LLC acquired a new stake in TriMas during the 3rd quarter valued at $269,000. Paloma Partners Management Co purchased a new stake in TriMas during the 3rd quarter worth $293,000. XTX Topco Ltd acquired a new position in TriMas in the 3rd quarter worth $371,000. Finally, Algert Global LLC boosted its position in TriMas by 4.2% in the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after buying an additional 639 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BWS Financial restated a “buy” rating and set a $40.00 price objective on shares of TriMas in a report on Thursday. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas Stock Performance

TRS stock opened at $25.40 on Friday. The stock’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $25.44. TriMas Co. has a 12-month low of $22.24 and a 12-month high of $28.51. The firm has a market cap of $1.03 billion, a P/E ratio of 39.69 and a beta of 0.67. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60.

TriMas (NASDAQ:TRS) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). TriMas had a net margin of 2.93% and a return on equity of 9.21%. The company had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. During the same period last year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that TriMas Co. will post 1.69 EPS for the current year.

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.