Wells Fargo & Company MN lifted its position in shares of TriMas Corp (NYSE:TRS) by 9.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,466 shares of the industrial products company’s stock after buying an additional 4,550 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of TriMas Corp worth $1,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its stake in shares of TriMas Corp by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 15,985 shares of the industrial products company’s stock valued at $333,000 after buying an additional 301 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in TriMas Corp by 1.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 97,862 shares of the industrial products company’s stock worth $2,031,000 after purchasing an additional 1,476 shares in the last quarter. American International Group Inc. lifted its stake in TriMas Corp by 7.1% in the 1st quarter. American International Group Inc. now owns 27,762 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 1,841 shares in the last quarter. Bank of America Corp DE lifted its stake in TriMas Corp by 9.2% in the 1st quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock worth $536,000 after purchasing an additional 2,169 shares in the last quarter. Finally, State Street Corp lifted its stake in TriMas Corp by 0.3% in the 1st quarter. State Street Corp now owns 847,372 shares of the industrial products company’s stock worth $17,584,000 after purchasing an additional 2,230 shares in the last quarter.

TriMas Corp (NYSE:TRS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $209.30 million for the quarter, compared to the consensus estimate of $208.89 million. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share.

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Several brokerages have commented on TRS. Zacks Investment Research cut shares of TriMas Corp from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Seaport Global Securities cut shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Friday, September 15th. BidaskClub upgraded shares of TriMas Corp from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $24.00 price target (up previously from $22.00) on shares of TriMas Corp in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co upgraded shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.25.

TriMas Corp Company Profile

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.

Institutional Ownership by Quarter for TriMas Corp (NYSE:TRS)

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