Sciencast Management LP bought a new position in shares of Trinity Industries Inc (NYSE:TRN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 40,779 shares of the transportation company’s stock, valued at approximately $883,000.
A number of other institutional investors also recently made changes to their positions in TRN. Millennium Management LLC boosted its position in Trinity Industries by 184.6% during the third quarter. Millennium Management LLC now owns 1,003,108 shares of the transportation company’s stock worth $19,741,000 after purchasing an additional 650,660 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Trinity Industries by 29.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,267,304 shares of the transportation company’s stock worth $26,297,000 after buying an additional 284,942 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Trinity Industries during the second quarter worth approximately $5,680,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Trinity Industries during the third quarter worth approximately $2,277,000. Finally, State of Tennessee Treasury Department acquired a new position in shares of Trinity Industries during the third quarter worth approximately $1,968,000. 91.27% of the stock is owned by hedge funds and other institutional investors.
Shares of TRN stock opened at $21.50 on Friday. Trinity Industries Inc has a 12 month low of $16.03 and a 12 month high of $26.63. The firm has a market cap of $2.58 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.83 and a beta of 2.07. The stock has a 50 day moving average of $21.88 and a 200-day moving average of $19.81. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 1.91.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Trinity Industries had a return on equity of 6.27% and a net margin of 4.96%. The company had revenue of $813.60 million during the quarter, compared to analyst estimates of $809.80 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. As a group, equities analysts predict that Trinity Industries Inc will post 1.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, January 14th. Trinity Industries’s dividend payout ratio is presently 95.00%.
A number of research analysts have recently commented on TRN shares. Cowen reiterated a “buy” rating and set a $26.00 price target on shares of Trinity Industries in a report on Wednesday. Wells Fargo & Co lowered Trinity Industries from an “overweight” rating to an “underweight” rating and set a $22.00 price target for the company. in a report on Tuesday. Susquehanna Bancshares lowered Trinity Industries from a “positive” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $22.00 in a report on Friday, November 8th. Stephens set a $20.00 price target on Trinity Industries and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, ValuEngine upgraded Trinity Industries from a “sell” rating to a “hold” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Trinity Industries has a consensus rating of “Hold” and a consensus target price of $23.75.
In other news, insider Brandon B. Boze bought 122,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $20.70 per share, for a total transaction of $2,535,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brandon B. Boze bought 600,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $19.84 per share, with a total value of $11,904,000.00. The disclosure for this purchase can be found here. Insiders purchased 1,510,646 shares of company stock valued at $30,920,620 over the last 90 days. 18.50% of the stock is currently owned by corporate insiders.
Trinity Industries Company Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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