Deutsche Bank AG Acquires 11,363 Shares of TriMas Co. (NASDAQ:TRS)

Deutsche Bank AG raised its stake in TriMas Co. (NASDAQ:TRS - Free Report) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,305 shares of the industrial products company's stock after buying an additional 11,363 shares during the period. Deutsche Bank AG owned about 0.09% of TriMas worth $893,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Sterling Capital Management LLC increased its stake in shares of TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock worth $32,000 after acquiring an additional 1,158 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of TriMas in the fourth quarter worth approximately $202,000. Quantbot Technologies LP grew its stake in shares of TriMas by 203.5% in the fourth quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock worth $295,000 after acquiring an additional 8,031 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of TriMas in the fourth quarter worth approximately $359,000. Finally, MetLife Investment Management LLC grew its stake in shares of TriMas by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company's stock worth $610,000 after acquiring an additional 1,378 shares during the period. Institutional investors own 99.42% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TRS. Wall Street Zen downgraded shares of TriMas from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. BWS Financial reissued a "buy" rating and issued a $40.00 price objective on shares of TriMas in a report on Wednesday, April 30th.

Insider Buying and Selling at TriMas

In related news, Director Shawn Sedaghat bought 249,597 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $23.83 per share, with a total value of $5,947,896.51. Following the completion of the purchase, the director now owns 346,825 shares of the company's stock, valued at $8,264,839.75. This trade represents a 256.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Fielkow bought 2,500 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $20.78 per share, with a total value of $51,950.00. Following the completion of the purchase, the director now directly owns 11,013 shares of the company's stock, valued at approximately $228,850.14. This trade represents a 29.37% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 1,772,695 shares of company stock worth $43,788,704 over the last quarter. Insiders own 14.20% of the company's stock.

TriMas Price Performance

Shares of TriMas stock traded up $0.11 on Thursday, hitting $26.62. 193,725 shares of the company traded hands, compared to its average volume of 332,154. The stock has a market capitalization of $1.08 billion, a P/E ratio of 41.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. TriMas Co. has a 52 week low of $19.33 and a 52 week high of $28.51. The business has a 50-day simple moving average of $23.09 and a 200 day simple moving average of $24.04.

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

TriMas Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Tuesday, May 6th. TriMas's dividend payout ratio (DPR) 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.