Wellington Management Group LLP Sells 169,743 Shares of TriMas Co. (NASDAQ:TRS)

Wellington Management Group LLP reduced its position in TriMas Co. (NASDAQ:TRS) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,449,616 shares of the industrial products company’s stock after selling 169,743 shares during the period. Wellington Management Group LLP owned 0.06% of TriMas worth $60,236,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TRS. KLP Kapitalforvaltning AS bought a new position in shares of TriMas during the 4th quarter worth approximately $202,000. Quantbot Technologies LP grew its holdings in TriMas by 203.5% in the fourth quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 8,031 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of TriMas during the third quarter worth $371,000. JPMorgan Chase & Co. lifted its holdings in shares of TriMas by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company’s stock valued at $982,000 after purchasing an additional 1,227 shares during the last quarter. Finally, FMR LLC boosted its position 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 worth $1,125,000 after purchasing an additional 729 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research note on Friday, February 28th.

Insiders Place Their Bets

In other TriMas news, Director Jeffrey A. Fielkow purchased 2,500 shares of TriMas stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $20.78 per share, with a total value of $51,950.00. Following the transaction, the director now owns 11,013 shares of the company’s stock, valued at $228,850.14. This represents a 29.37 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shawn Sedaghat acquired 554,149 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $24.07 per share, for a total transaction of $13,338,366.43. Following the completion of the acquisition, the director now directly owns 900,974 shares in the company, valued at approximately $21,686,444.18. The trade was a 159.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 806,246 shares of company stock valued at $19,338,213. 1.30% of the stock is owned by company insiders.

TriMas Trading Down 4.9 %

Shares of TriMas stock opened at $21.25 on Friday. TriMas Co. has a 12-month low of $19.33 and a 12-month high of $28.51. The firm’s 50 day simple moving average is $23.55 and its two-hundred day simple moving average is $24.92. 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 firm has a market capitalization of $865.22 million, a price-to-earnings ratio of 33.20 and a beta of 0.55.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 28th were paid a $0.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.75%. TriMas’s dividend payout ratio (DPR) is 27.12%.

TriMas 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.