First Mercantile Trust Co. reduced its position in TriMas Corp (NASDAQ:TRS) by 26.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,408 shares of the industrial products company’s stock after selling 5,890 shares during the period. First Mercantile Trust Co.’s holdings in TriMas were worth $439,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its position in shares of TriMas by 114.4% in the third quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock worth $183,000 after buying an additional 3,623 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of TriMas in the fourth quarter worth about $195,000. Cigna Investments Inc. New purchased a new stake in shares of TriMas in the fourth quarter worth about $212,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of TriMas in the third quarter worth about $227,000. Finally, SG Americas Securities LLC purchased a new stake in shares of TriMas in the third quarter worth about $228,000. Institutional investors own 97.32% of the company’s stock.

Shares of TriMas Corp (NASDAQ TRS) opened at $24.50 on Friday. TriMas Corp has a 52-week low of $19.75 and a 52-week high of $28.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. The stock has a market capitalization of $1,092.74, a P/E ratio of -34.03, a price-to-earnings-growth ratio of 3.00 and a beta of 1.94.

In other news, insider Joshua A. Sherbin sold 13,828 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $25.50, for a total value of $352,614.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert J. Zalupski sold 2,816 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total value of $73,047.04. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

A number of equities research analysts recently commented on the company. Deutsche Bank set a $29.00 target price on TriMas and gave the stock a “hold” rating in a research report on Friday, January 19th. Zacks Investment Research upgraded TriMas from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Monday, January 22nd. BidaskClub downgraded TriMas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. TriMas presently has an average rating of “Hold” and a consensus target price of $26.83.

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About TriMas

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 (NASDAQ:TRS)

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