California Public Employees Retirement System lowered its stake in shares of TriMas Corp (NASDAQ:TRS) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,898 shares of the industrial products company’s stock after selling 8,953 shares during the period. California Public Employees Retirement System owned about 0.37% of TriMas worth $5,274,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of TriMas by 17.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,670 shares of the industrial products company’s stock valued at $84,000 after buying an additional 400 shares during the period. Russell Investments Group Ltd. bought a new position in shares of TriMas during the 3rd quarter valued at $129,000. Diversified Trust Co bought a new position in shares of TriMas during the 4th quarter valued at $215,000. Envestnet Asset Management Inc. bought a new position in shares of TriMas during the 3rd quarter valued at $211,000. Finally, Apexium Financial LP bought a new position in shares of TriMas during the 4th quarter valued at $267,000. 96.34% of the stock is owned by institutional investors.
Separately, BidaskClub downgraded shares of TriMas from a “sell” rating to a “strong sell” rating in a report on Saturday, February 1st.
TriMas stock opened at $28.44 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 16.93, a P/E/G ratio of 3.25 and a beta of 1.29. The firm’s fifty day simple moving average is $30.35 and its 200-day simple moving average is $30.44. The company has a current ratio of 2.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. TriMas Corp has a 1-year low of $28.07 and a 1-year high of $33.45.
In other news, CAO Paul Swart sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $31.12, for a total transaction of $77,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.
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