Renaissance Technologies LLC Sells 25,800 Shares of TriMas Co. (NASDAQ:TRS)

Renaissance Technologies LLC lessened its holdings in shares of TriMas Co. (NASDAQ:TRS) by 48.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,800 shares of the industrial products company’s stock after selling 25,800 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of TriMas worth $711,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in shares of TriMas during the second quarter valued at approximately $26,000. Quantbot Technologies LP increased its holdings in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 478 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in TriMas by 79.8% in the 1st quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 8,978 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of TriMas by 32.7% during the 1st quarter. Diversified Trust Co now owns 21,647 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 5,333 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of TriMas by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 1,478 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 target price on shares of TriMas in a research report on Wednesday, July 31st.

TriMas Trading Up 0.5 %

TRS stock opened at $25.08 on Wednesday. The firm has a fifty day moving average price of $24.65 and a 200 day moving average price of $25.68. TriMas Co. has a fifty-two week low of $22.45 and a fifty-two week high of $27.89. The firm has a market cap of $1.02 billion, a PE ratio of 25.86 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.82.

TriMas (NASDAQ:TRS) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TriMas had a return on equity of 9.61% and a net margin of 4.44%. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $238.63 million. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that TriMas Co. will post 1.76 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, August 6th. TriMas’s dividend payout ratio is currently 16.49%.

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.