Bellecapital International Ltd. Makes New Investment in TriMas Co. (NASDAQ:TRS)

Bellecapital International Ltd. purchased a new position in shares of TriMas Co. (NASDAQ:TRS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,185,855 shares of the industrial products company’s stock, valued at approximately $29,160,000. TriMas comprises 5.2% of Bellecapital International Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Bellecapital International Ltd. owned about 2.92% of TriMas as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of TriMas in the 3rd quarter valued at $269,000. Paloma Partners Management Co bought a new stake in shares of TriMas in the 3rd quarter valued at $293,000. XTX Topco Ltd bought a new stake in shares of TriMas in the 3rd quarter valued at $371,000. JPMorgan Chase & Co. increased 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 in the last quarter. Finally, FMR LLC increased its stake in shares of TriMas by 1.7% in the 3rd quarter. FMR LLC now owns 44,082 shares of the industrial products company’s stock valued at $1,125,000 after acquiring an additional 729 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

TriMas Stock Performance

NASDAQ TRS opened at $20.49 on Friday. The company has a fifty day simple moving average of $23.78 and a 200 day simple moving average of $25.11. TriMas Co. has a 12-month low of $19.33 and a 12-month high of $28.51. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The company has a market cap of $831.32 million, a P/E ratio of 32.02 and a beta of 0.66.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, February 28th. TriMas’s dividend payout ratio is 25.00%.

Analyst Ratings Changes

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

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.