TriMas Co. (NASDAQ:TRS) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lowered its stake in shares of TriMas Co. (NASDAQ:TRS) by 23.4% in the fourth quarter, HoldingsChannel reports. The firm owned 12,272 shares of the industrial products company’s stock after selling 3,749 shares during the quarter. Sendero Wealth Management LLC’s holdings in TriMas were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in TriMas by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after buying an additional 1,227 shares during the last quarter. Barclays PLC increased its holdings 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 worth $1,755,000 after acquiring an additional 53,203 shares during the period. XTX Topco Ltd bought a new stake in TriMas in the 3rd quarter valued at about $371,000. Jane Street Group LLC boosted its stake in TriMas by 74.4% during the 3rd quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 35,258 shares during the period. Finally, Wellington Management Group LLP grew its position in TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after purchasing an additional 252,537 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRS. StockNews.com upgraded TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. BWS Financial reiterated a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Tuesday, November 5th.

TriMas Stock Performance

Shares of TRS opened at $23.54 on Thursday. TriMas Co. has a 52-week low of $22.24 and a 52-week high of $28.51. The firm has a market capitalization of $955.02 million, a PE ratio of 36.78 and a beta of 0.67. The firm has a 50-day moving average price of $25.36 and a 200 day moving average price of $25.46. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The company had revenue of $229.36 million for the quarter, compared to analyst estimates of $239.33 million. TriMas had a net margin of 2.93% and a return on equity of 9.21%. TriMas’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. On average, sell-side analysts anticipate 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, November 12th. Stockholders of record on Tuesday, November 5th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.68%. TriMas’s dividend payout ratio (DPR) is 25.00%.

About TriMas

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.