Algert Global LLC Decreases Stake in Trinity Industries, Inc. (NYSE:TRN)

Algert Global LLC lessened its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 59.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,129 shares of the transportation company’s stock after selling 176,101 shares during the quarter. Algert Global LLC’s holdings in Trinity Industries were worth $4,252,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TRN. Susquehanna Fundamental Investments LLC bought a new stake in Trinity Industries in the fourth quarter worth $434,000. Trexquant Investment LP raised its position in shares of Trinity Industries by 9.5% during the 4th quarter. Trexquant Investment LP now owns 153,094 shares of the transportation company’s stock valued at $5,374,000 after buying an additional 13,269 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Trinity Industries in the 4th quarter valued at about $11,322,000. Truist Financial Corp grew its position in Trinity Industries by 57.5% in the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company’s stock worth $571,000 after acquiring an additional 5,935 shares in the last quarter. Finally, Barclays PLC raised its position in Trinity Industries by 387.2% during the third quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after purchasing an additional 142,660 shares during the period. Institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the transaction, the executive vice president now owns 111,879 shares of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Susquehanna decreased their price target on Trinity Industries from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd.

Trinity Industries Price Performance

Trinity Industries stock opened at $24.58 on Wednesday. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 14.99 and a beta of 1.47. The firm has a 50-day moving average of $27.15 and a two-hundred day moving average of $33.06. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The firm had revenue of $585.40 million during the quarter, compared to analysts’ expectations of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm’s revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.88%. Trinity Industries’s payout ratio is currently 74.07%.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.