Susquehanna Fundamental Investments LLC Invests $1.60 Million in TriMas Co. (NASDAQ:TRS)

Susquehanna Fundamental Investments LLC acquired a new stake in TriMas Co. (NASDAQ:TRS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,158 shares of the industrial products company's stock, valued at approximately $1,602,000. Susquehanna Fundamental Investments LLC owned about 0.16% of TriMas at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of TriMas by 341.3% in the 3rd quarter. Barclays PLC now owns 68,792 shares of the industrial products company's stock valued at $1,755,000 after buying an additional 53,203 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of TriMas by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock worth $982,000 after purchasing an additional 1,227 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of TriMas by 4.7% during the 4th 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 in the last quarter. Bellecapital International Ltd. acquired a new position in shares of TriMas in the 4th quarter valued at approximately $29,160,000. Finally, Charles Schwab Investment Management Inc. increased its stake in TriMas by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 605,502 shares of the industrial products company's stock worth $14,889,000 after purchasing an additional 22,656 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Analysts Set New Price Targets

Separately, BWS Financial reissued a "buy" rating and set a $40.00 price objective on shares of TriMas in a research report on Wednesday, April 30th.

Insider Buying and Selling

In related news, Director Shawn Sedaghat acquired 123,388 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were bought at an average cost of $23.83 per share, with a total value of $2,940,336.04. Following the completion of the transaction, the director now directly owns 1,024,362 shares of the company's stock, valued at $24,410,546.46. This trade represents a 13.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott A. Mell sold 2,218 shares of TriMas stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.54, for a total transaction of $49,993.72. Following the sale, the chief financial officer now directly owns 26,288 shares of the company's stock, valued at $592,531.52. The trade was a 7.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 929,634 shares of company stock worth $22,278,549. Company insiders own 14.20% of the company's stock.

TriMas Stock Up 0.2 %

NASDAQ:TRS traded up $0.05 during trading hours on Tuesday, reaching $24.65. 40,919 shares of the stock were exchanged, compared to its average volume of 412,462. The stock has a market cap of $1.00 billion, a PE ratio of 38.52 and a beta of 0.58. TriMas Co. has a twelve month low of $19.33 and a twelve month high of $28.51. The firm has a 50 day moving average of $22.53 and a 200 day moving average of $24.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44.

TriMas (NASDAQ:TRS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The firm had revenue of $241.67 million during the quarter, compared to the consensus estimate of $235.41 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. On average, equities analysts expect that TriMas Co. will post 1.69 earnings per share for the current year.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. TriMas's payout ratio is 20.78%.

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.