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Royal Bank of Canada lowered its holdings in TriMas Co. (NASDAQ:TRS - Get Rating) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559,516 shares of the industrial products company's stock after selling 5,948 shares during the period. Royal Bank of Canada owned approximately 1.33% of TriMas worth $14,027,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of TriMas by 4.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,151,070 shares of the industrial products company's stock valued at $78,997,000 after purchasing an additional 145,576 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of TriMas by 140.5% during the 2nd quarter. Renaissance Technologies LLC now owns 235,370 shares of the industrial products company's stock valued at $6,517,000 after purchasing an additional 137,500 shares during the last quarter. River Road Asset Management LLC increased its position in shares of TriMas by 7.1% during the 3rd quarter. River Road Asset Management LLC now owns 1,453,877 shares of the industrial products company's stock valued at $36,449,000 after purchasing an additional 96,183 shares during the last quarter. Vanguard Group Inc. increased its position in shares of TriMas by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,080,071 shares of the industrial products company's stock valued at $130,930,000 after purchasing an additional 44,136 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of TriMas by 56.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 56,738 shares of the industrial products company's stock valued at $1,571,000 after purchasing an additional 20,450 shares during the last quarter. Hedge funds and other institutional investors own 99.94% of the company's stock. Wall Street Analyst Weigh In

Separately, TheStreet upgraded TriMas from a "c+" rating to a "b-" rating in a research report on Tuesday, February 14th.TriMas Price Performance

TRS opened at $29.46 on Wednesday. The stock's 50 day simple moving average is $29.80 and its 200 day simple moving average is $27.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.02 and a quick ratio of 1.85. TriMas Co. has a 1 year low of $21.41 and a 1 year high of $33.69. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 18.76 and a beta of 0.72.

TriMas (NASDAQ:TRS - Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). TriMas had a return on equity of 11.90% and a net margin of 7.49%. The company had revenue of $203.31 million for the quarter, compared to the consensus estimate of $211.65 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. TriMas's revenue was down 2.7% compared to the same quarter last year. As a group, analysts predict that TriMas Co. will post 1.92 earnings per share for the current year. TriMas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, March 2nd will be given a $0.04 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.54%. TriMas's dividend payout ratio is currently 10.19%. About TriMas (Get Rating)

TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs and manufactures dispensing products, including foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers, polymeric and steel caps and closures, including food lids, flip-top closures, child resistant caps, drum and pail closures, and flexible spouts, polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer product markets including, but not limited to, beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market.See AlsoGet a free copy of the StockNews.com research report on TriMas (TRS)Under-the-Radar Azul SA Takes Flight on Robust Travel Demand Market Gets “Powelled”: S&P 500 Confirms Resistance Rivian Plummets, But Is This 2023’s Greatest Buying Opportunity?Ulta Insiders Hold Tight: Sell-Siders Buy Potential Earnings Have Rated Ambrx Biopharma a Moderate Buy

Want to see what other hedge funds are holding TRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriMas Co. (NASDAQ:TRS - Get Rating).

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