Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 195,200 TriMas Corporation $TRS

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of TriMas Corporation (NASDAQ:TRS) in the first quarter, HoldingsChannel reports. The firm acquired 195,200 shares of the industrial products company’s stock, valued at approximately $7,015,000.

Several other large investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc purchased a new stake in shares of TriMas in the first quarter worth about $28,000. Covestor Ltd increased its stake in TriMas by 20,525.0% in the 4th quarter. Covestor Ltd now owns 825 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 821 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in TriMas in the 4th quarter worth approximately $29,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of TriMas during the 4th quarter worth approximately $35,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of TriMas by 1,958.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,029 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 979 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRS has been the subject of a number of recent research reports. Zacks Research raised shares of TriMas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of TriMas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

Insiders Place Their Bets

In other news, Director Herbert K. Parker sold 15,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $45.03, for a total value of $675,450.00. Following the sale, the director owned 57,762 shares of the company’s stock, valued at approximately $2,601,022.86. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by company insiders.

TriMas Price Performance

NASDAQ:TRS opened at $39.33 on Thursday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 1.63 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.85 and a quick ratio of 4.50. The business has a 50 day simple moving average of $41.31 and a 200-day simple moving average of $38.36. TriMas Corporation has a 1 year low of $30.43 and a 1 year high of $45.42.

TriMas (NASDAQ:TRS) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.24). The company had revenue of $168.28 million for the quarter, compared to the consensus estimate of $158.24 million. TriMas had a net margin of 93.79% and a return on equity of 8.38%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. Equities analysts forecast that TriMas Corporation will post 1.67 EPS for the current year.

TriMas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. TriMas’s payout ratio is 0.66%.

TriMas Company Profile

TriMas Corporation is a diversified industrial company headquartered in Bloomfield Hills, Michigan. Established in 1980, TriMas has built a global reputation for designing and manufacturing specialized products that serve a wide array of end markets. The company operates through multiple segments, each focused on high-demand niches where engineered solutions and rigorous quality standards are essential.

The Packaging segment supplies closures, dispensing systems and related components for the personal care, household chemicals, food and beverage, and pharmaceutical markets.