Graham Capital Management L.P. Has $971,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Graham Capital Management L.P. reduced its stake in Trinity Industries, Inc. (NYSE:TRN) by 55.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,665 shares of the transportation company’s stock after selling 34,980 shares during the quarter. Graham Capital Management L.P.’s holdings in Trinity Industries were worth $971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRN. Wealthfront Advisers LLC acquired a new stake in Trinity Industries in the 4th quarter worth approximately $104,136,000. American Century Companies Inc. lifted its holdings in shares of Trinity Industries by 25.6% during the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock worth $76,777,000 after buying an additional 446,142 shares during the last quarter. Granite Investment Partners LLC acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $14,532,000. Raymond James Financial Inc. acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $11,322,000. Finally, Northern Trust Corp lifted its holdings in shares of Trinity Industries by 33.6% during the fourth quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company’s stock worth $41,138,000 after buying an additional 295,054 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at $3,470,486.58. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Susquehanna cut their price target on Trinity Industries from $35.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 17th.

Trinity Industries Stock Performance

TRN opened at $26.85 on Wednesday. The stock has a market cap of $2.19 billion, a PE ratio of 16.37 and a beta of 1.47. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83. The stock’s 50 day simple moving average is $26.76 and its 200-day simple moving average is $32.78.

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

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Tuesday, April 15th. Trinity Industries’s dividend payout ratio is 74.07%.

Trinity Industries Profile

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.