Oppenheimer Asset Management Inc. boosted its position in Trinity Industries Inc (NYSE:TRN) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,013 shares of the transportation company’s stock after purchasing an additional 2,421 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.07% of Trinity Industries worth $1,891,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in TRN. ValueAct Holdings L.P. lifted its stake in Trinity Industries by 2.3% in the fourth quarter. ValueAct Holdings L.P. now owns 21,900,000 shares of the transportation company’s stock valued at $450,921,000 after acquiring an additional 492,109 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Trinity Industries by 0.5% in the third quarter. Vanguard Group Inc now owns 12,926,301 shares of the transportation company’s stock worth $473,620,000 after buying an additional 64,718 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Trinity Industries by 0.5% in the third quarter. Vanguard Group Inc. now owns 12,926,301 shares of the transportation company’s stock worth $473,620,000 after buying an additional 64,718 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Trinity Industries by 3.1% in the fourth quarter. BlackRock Inc. now owns 12,779,413 shares of the transportation company’s stock worth $263,128,000 after buying an additional 383,426 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Trinity Industries by 32.9% in the fourth quarter. Jennison Associates LLC now owns 2,250,877 shares of the transportation company’s stock worth $46,346,000 after buying an additional 557,344 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.
Several equities analysts recently commented on the stock. Buckingham Research lowered shares of Trinity Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $26.00 in a report on Friday, March 22nd. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Tuesday, February 26th. Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Trinity Industries in a report on Wednesday, February 20th. Stephens set a $24.00 target price on shares of Trinity Industries and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, TheStreet lowered shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Trinity Industries has a consensus rating of “Hold” and an average price target of $27.22.
NYSE:TRN traded down $0.31 during mid-day trading on Wednesday, reaching $20.85. 736,100 shares of the company were exchanged, compared to its average volume of 1,626,351. Trinity Industries Inc has a 12 month low of $18.99 and a 12 month high of $39.35. The company has a quick ratio of 0.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.74. The firm has a market cap of $2.75 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.59 and a beta of 2.08.
Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The company had revenue of $604.80 million for the quarter, compared to the consensus estimate of $660.72 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts predict that Trinity Industries Inc will post 1.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.26%. Trinity Industries’s dividend payout ratio is 85.00%.
About Trinity Industries
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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