Quest Partners LLC Increases Position in TriMas Co. (NASDAQ:TRS)

Quest Partners LLC raised its position in TriMas Co. (NASDAQ:TRS) by 275.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,267 shares of the industrial products company’s stock after purchasing an additional 24,400 shares during the period. Quest Partners LLC’s holdings in TriMas were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of TriMas in the 2nd quarter valued at $26,000. Quantbot Technologies LP grew its position in shares of TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after buying an additional 478 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of TriMas in the 4th quarter valued at $396,000. Panagora Asset Management Inc. acquired a new stake in TriMas during the 4th quarter worth $435,000. Finally, Jump Financial LLC acquired a new stake in TriMas during the 4th quarter worth $498,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $40.00 price target on shares of TriMas in a research note on Wednesday, July 31st.

TriMas Stock Up 1.0 %

Shares of NASDAQ:TRS opened at $24.69 on Wednesday. The stock has a market cap of $1.00 billion, a P/E ratio of 25.45 and a beta of 0.68. The firm has a fifty day moving average price of $25.03 and a 200 day moving average price of $25.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. TriMas Co. has a 1-year low of $22.45 and a 1-year high of $27.89.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.10). TriMas had a return on equity of 9.61% and a net margin of 4.44%. The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $238.63 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that TriMas Co. will post 1.76 EPS for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Tuesday, August 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

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.