Charles Schwab Investment Management Inc. Boosts Stock Holdings in TriMas Co. (NASDAQ:TRS)

Charles Schwab Investment Management Inc. boosted its stake in shares of TriMas Co. (NASDAQ:TRS) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605,502 shares of the industrial products company’s stock after purchasing an additional 22,656 shares during the period. Charles Schwab Investment Management Inc. owned about 1.49% of TriMas worth $14,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in TriMas by 1.7% during the third quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock valued at $1,125,000 after purchasing an additional 729 shares during the period. JPMorgan Chase & Co. lifted its position in TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after purchasing an additional 1,227 shares during the period. Intech Investment Management LLC bought a new position in TriMas during the third quarter valued at approximately $269,000. Bank of New York Mellon Corp lifted its position in TriMas by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 246,097 shares of the industrial products company’s stock valued at $6,052,000 after purchasing an additional 11,125 shares during the period. Finally, Paloma Partners Management Co bought a new position in TriMas during the third quarter valued at approximately $293,000. Institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Shawn Sedaghat acquired 554,149 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $24.07 per share, for a total transaction of $13,338,366.43. Following the transaction, the director now directly owns 900,974 shares of the company’s stock, valued at approximately $21,686,444.18. This trade represents a 159.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott A. Mell sold 2,218 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $22.54, for a total transaction of $49,993.72. Following the sale, the chief financial officer now owns 26,288 shares in the company, valued at $592,531.52. The trade was a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 806,246 shares of company stock worth $19,338,213. Company insiders own 1.10% of the company’s stock.

TriMas Stock Down 1.5 %

TRS opened at $25.00 on Friday. 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 Co. has a 1-year low of $19.33 and a 1-year high of $28.51. The company has a market capitalization of $1.01 billion, a PE ratio of 39.06 and a beta of 0.65. The firm’s 50 day simple moving average is $23.74 and its two-hundred day simple moving average is $25.05.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 28th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.64%. TriMas’s payout ratio is presently 27.12%.

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.