GSA Capital Partners LLP bought a new position in shares of TriMas Co. (NASDAQ:TRS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,465 shares of the industrial products company’s stock, valued at approximately $284,000.
Several other hedge funds have also recently bought and sold shares of TRS. Macquarie Group Ltd. bought a new stake in shares of TriMas during the 2nd quarter valued at $50,000. Aigen Investment Management LP purchased a new position in TriMas during the 3rd quarter valued at about $93,000. Bank of Montreal Can boosted its stake in TriMas by 889.4% during the second quarter. Bank of Montreal Can now owns 5,343 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 4,803 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TriMas by 100.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,527 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 3,779 shares during the period. Finally, First Quadrant L P CA bought a new position in shares of TriMas during the second quarter valued at approximately $192,000. Hedge funds and other institutional investors own 91.63% of the company’s stock.
TRS has been the topic of several recent research reports. Zacks Investment Research downgraded TriMas from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research note on Tuesday, September 29th. BidaskClub cut TriMas from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th.
TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Thursday, October 29th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. TriMas had a net margin of 6.95% and a return on equity of 10.04%. The company had revenue of $199.46 million during the quarter, compared to analyst estimates of $198.69 million. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts forecast that TriMas Co. will post 1.47 earnings per share for the current fiscal year.
TriMas Corporation manufactures and provides products for consumer products, aerospace, and industrial end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty polymeric and steel closure products, including steel drum enclosures, plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, pharmaceutical, and household product markets; specialty plastic closures for bottles and jars in the food and beverage markets; and single-bodied and assembled caps and closures under the Rieke, Taplast, and Stolz brands.
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