Investment Management of Virginia LLC trimmed its stake in TriMas Corp (NASDAQ:TRS) by 9.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,010 shares of the industrial products company’s stock after selling 4,541 shares during the period. Investment Management of Virginia LLC’s holdings in TriMas were worth $1,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its stake in TriMas by 1.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 305,019 shares of the industrial products company’s stock worth $6,360,000 after purchasing an additional 3,602 shares during the period. American Century Companies Inc. boosted its stake in TriMas by 83.0% during the 3rd quarter. American Century Companies Inc. now owns 137,061 shares of the industrial products company’s stock worth $3,701,000 after purchasing an additional 62,175 shares during the period. JPMorgan Chase & Co. boosted its stake in TriMas by 41.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 124,676 shares of the industrial products company’s stock worth $3,367,000 after purchasing an additional 36,437 shares during the period. Van Den Berg Management I Inc. boosted its stake in TriMas by 255.4% during the 3rd quarter. Van Den Berg Management I Inc. now owns 106,625 shares of the industrial products company’s stock worth $2,879,000 after purchasing an additional 76,625 shares during the period. Finally, Sei Investments Co. boosted its stake in TriMas by 48.1% during the 3rd quarter. Sei Investments Co. now owns 13,735 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 4,459 shares during the period. 97.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TriMas Corp (NASDAQ:TRS) opened at $24.55 on Thursday. TriMas Corp has a 52 week low of $19.75 and a 52 week high of $28.85. The company has a market cap of $1,108.74, a price-to-earnings ratio of 17.45, a PEG ratio of 3.04 and a beta of 1.94. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.62.

In other news, insider Joshua A. Sherbin sold 13,828 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $25.50, for a total value of $352,614.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert J. Zalupski sold 2,816 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $25.94, for a total transaction of $73,047.04. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

TRS has been the subject of several recent analyst reports. BidaskClub cut shares of TriMas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of TriMas from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, January 22nd. Finally, Deutsche Bank set a $29.00 target price on shares of TriMas and gave the stock a “hold” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.83.

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About TriMas

TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.

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Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

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