TriMas Co. (NASDAQ:TRS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of TriMas Co. (NASDAQ:TRS) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,126,743 shares of the industrial products company’s stock after selling 18,493 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of TriMas worth $74,542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRS. Western Standard LLC grew its holdings in shares of TriMas by 86.6% during the 3rd quarter. Western Standard LLC now owns 169,069 shares of the industrial products company’s stock worth $4,316,000 after purchasing an additional 78,450 shares during the period. Impax Asset Management Group plc boosted its stake in TriMas by 216.4% during the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock worth $10,467,000 after buying an additional 280,431 shares during the period. Barclays PLC increased its position in shares of TriMas by 341.3% during the third quarter. Barclays PLC now owns 68,792 shares of the industrial products company’s stock valued at $1,755,000 after acquiring an additional 53,203 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of TriMas by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after acquiring an additional 1,227 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of TriMas by 74.4% in the 3rd quarter. Jane Street Group LLC now owns 82,621 shares of the industrial products company’s stock worth $2,109,000 after acquiring an additional 35,258 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

TRS has been the subject of several research reports. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and issued a $40.00 price objective on shares of TriMas in a research note on Thursday, January 23rd.

TriMas Stock Down 2.2 %

Shares of TRS opened at $23.76 on Thursday. The company’s 50-day simple moving average is $24.55 and its 200-day simple moving average is $25.24. 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 1 year low of $22.24 and a 1 year high of $28.51. The stock has a market capitalization of $963.94 million, a PE ratio of 37.13 and a beta of 0.66.

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.