ProShare Advisors LLC Purchases Shares of 11,435 TriMas Co. (NASDAQ:TRS)

ProShare Advisors LLC bought a new stake in TriMas Co. (NASDAQ:TRS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,435 shares of the industrial products company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRS. Sterling Capital Management LLC boosted its holdings in TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 1,158 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in TriMas in the fourth quarter valued at about $202,000. Quantbot Technologies LP boosted its holdings in TriMas by 203.5% in the fourth quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 8,031 shares during the last quarter. Aquatic Capital Management LLC bought a new position in TriMas during the 4th quarter worth approximately $359,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TriMas by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,106 shares of the industrial products company's stock worth $568,000 after buying an additional 834 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRS has been the topic of several analyst reports. Wall Street Zen upgraded TriMas from a "hold" rating to a "buy" rating in a research report on Sunday. BWS Financial reissued a "buy" rating and set a $40.00 price objective on shares of TriMas in a research note on Wednesday, April 30th.

Insider Activity at TriMas

In related news, Director Shawn Sedaghat purchased 554,149 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $24.07 per share, with a total value of $13,338,366.43. Following the acquisition, the director now directly owns 900,974 shares in the company, valued at $21,686,444.18. The trade was a 159.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Scott A. Mell sold 2,218 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $22.54, for a total transaction of $49,993.72. Following the transaction, the chief financial officer now directly owns 26,288 shares in the company, valued at $592,531.52. This represents a 7.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 1,770,195 shares of company stock worth $43,736,754 in the last quarter. Corporate insiders own 14.20% of the company's stock.

TriMas Stock Down 2.4%

NASDAQ TRS traded down $0.63 during trading on Wednesday, hitting $25.74. 192,640 shares of the company traded hands, compared to its average volume of 334,893. TriMas Co. has a 12 month low of $19.33 and a 12 month high of $28.51. The business has a fifty day simple moving average of $23.35 and a 200 day simple moving average of $24.03. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.05 billion, a P/E ratio of 40.22 and a beta of 0.58.

TriMas (NASDAQ:TRS - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $241.67 million for 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 firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. As a group, sell-side analysts predict that TriMas Co. will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Tuesday, May 6th. TriMas's payout ratio is 20.78%.

TriMas 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.