Healthcare of Ontario Pension Plan Trust Fund Sells 63,625 Shares of Trinity Industries, Inc. $TRN

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Trinity Industries, Inc. (NYSE:TRN) by 25.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,231 shares of the transportation company’s stock after selling 63,625 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Trinity Industries were worth $5,896,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership bought a new stake in Trinity Industries in the first quarter valued at $6,710,000. Caxton Associates LLP boosted its stake in shares of Trinity Industries by 29.6% in the 1st quarter. Caxton Associates LLP now owns 21,442 shares of the transportation company’s stock valued at $690,000 after purchasing an additional 4,901 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Trinity Industries in the 1st quarter valued at $473,000. Cetera Investment Advisers grew its holdings in shares of Trinity Industries by 2.0% in the 1st quarter. Cetera Investment Advisers now owns 55,688 shares of the transportation company’s stock worth $1,792,000 after purchasing an additional 1,069 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Trinity Industries by 16.2% in the 1st quarter. First Trust Advisors LP now owns 48,171 shares of the transportation company’s stock worth $1,550,000 after purchasing an additional 6,713 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Down 3.8%

Shares of NYSE TRN opened at $36.62 on Thursday. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $38.31. The firm’s 50-day moving average is $34.72 and its 200-day moving average is $32.91. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 4.70. The firm has a market capitalization of $2.91 billion, a PE ratio of 11.74 and a beta of 1.36.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The business had revenue of $492.00 million during the quarter, compared to the consensus estimate of $538.87 million. During the same period in the previous year, the firm posted $0.29 earnings per share. Trinity Industries’s revenue for the quarter was down 16.0% compared to the same quarter last year. Equities analysts expect that Trinity Industries, Inc. will post 2.3 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 15th. Trinity Industries’s payout ratio is currently 39.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRN shares. Susquehanna lifted their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Trinity Industries in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Trinity Industries has a consensus rating of “Hold” and an average target price of $35.50.

Trinity Industries Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.