TriMas Corp (TRS) Position Maintained by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. maintained its position in shares of TriMas Corp (NYSE:TRS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,099 shares of the industrial products company’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in TriMas Corp were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRS. Parametric Portfolio Associates LLC increased its position in shares of 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 during the last quarter. JPMorgan Chase & Co. increased its position in shares of TriMas Corp by 26.9% in the 1st quarter. JPMorgan Chase & Co. now owns 120,754 shares of the industrial products company’s stock worth $2,506,000 after purchasing an additional 25,594 shares during the last quarter. American International Group Inc. increased its position in shares of 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 during the last quarter. Teachers Advisors LLC increased its position in shares of TriMas Corp by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 78,848 shares of the industrial products company’s stock worth $1,636,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of TriMas Corp by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 3,647,737 shares of the industrial products company’s stock worth $75,691,000 after purchasing an additional 164,476 shares during the last quarter.

Several research firms have recently weighed in on TRS. Seaport Global Securities downgraded shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Friday, September 15th. ValuEngine raised shares of TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. J P Morgan Chase & Co raised shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of TriMas Corp from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, BidaskClub raised shares of TriMas Corp from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.25.

Shares of TriMas Corp (TRS) opened at $26.60 on Friday. TriMas Corp has a 1 year low of $17.45 and a 1 year high of $28.85.

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

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TriMas Corp 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.

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

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