Bellecapital International Ltd. Makes New $29.16 Million Investment in TriMas Co. (NASDAQ:TRS)

Bellecapital International Ltd. acquired a new position in shares of TriMas Co. (NASDAQ:TRS) during the fourth quarter, Holdings Channel reports. The fund acquired 1,185,855 shares of the industrial products company’s stock, valued at approximately $29,160,000. TriMas comprises about 5.2% of Bellecapital International Ltd.’s investment portfolio, making the stock its 2nd biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings 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 during the period. JPMorgan Chase & Co. raised its holdings 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 worth $982,000 after purchasing an additional 1,227 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of TriMas by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 582,846 shares of the industrial products company’s stock worth $14,880,000 after purchasing an additional 4,977 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of TriMas by 8.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 79,822 shares of the industrial products company’s stock worth $2,038,000 after purchasing an additional 6,344 shares during the period. Finally, Sasco Capital Inc. CT raised its holdings in shares of TriMas by 26.6% in the 3rd quarter. Sasco Capital Inc. CT now owns 44,980 shares of the industrial products company’s stock worth $1,148,000 after purchasing an additional 9,460 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRS has been the topic of a number of research reports. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reaffirmed a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Friday.

TriMas Stock Down 0.1 %

TriMas stock opened at $20.49 on Friday. TriMas Co. has a 1-year low of $19.33 and a 1-year high of $28.51. The firm has a market capitalization of $831.32 million, a price-to-earnings ratio of 32.02 and a beta of 0.66. 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 50 day simple moving average of $23.78 and a 200 day simple moving average of $25.11.

TriMas Announces Dividend

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

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.