Steward Partners Investment Advisory LLC lifted its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 14.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,968 shares of the transportation company’s stock after acquiring an additional 4,400 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Trinity Industries were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of TRN. Private Capital Group LLC lifted its holdings in Trinity Industries by 47.1% in the 4th quarter. Private Capital Group LLC now owns 2,048 shares of the transportation company’s stock worth $42,000 after buying an additional 656 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Trinity Industries by 1,930.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,200,026 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,140,911 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Trinity Industries in the 1st quarter worth about $62,000. BNP Paribas Arbitrage SA increased its position in shares of Trinity Industries by 62.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock worth $83,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Trinity Industries in the 4th quarter worth about $84,000. Institutional investors and hedge funds own 88.60% of the company’s stock.
In related news, insider Brian D. Madison sold 2,157 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total transaction of $45,081.30. Following the completion of the sale, the insider now owns 58,345 shares of the company’s stock, valued at approximately $1,219,410.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 18.50% of the stock is owned by corporate insiders.
Shares of NYSE:TRN traded down $0.43 during trading on Wednesday, reaching $19.76. 1,111,600 shares of the company’s stock traded hands, compared to its average volume of 1,598,201. The company has a quick ratio of 0.86, a current ratio of 2.02 and a debt-to-equity ratio of 1.74. Trinity Industries Inc has a 12 month low of $18.99 and a 12 month high of $39.35. The company has a market cap of $2.66 billion, a PE ratio of 24.70, a P/E/G ratio of 1.55 and a beta of 2.08.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.24 earnings per share 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 business had revenue of $604.80 million during the quarter, compared to the consensus estimate of $660.72 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, research analysts forecast that Trinity Industries Inc will post 1.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Friday, July 12th. Trinity Industries’s dividend payout ratio is presently 85.00%.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Trinity Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 28th. Buckingham Research downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $26.00 in a research report on Friday, March 22nd. Stifel Nicolaus set a $33.00 target price on shares of Trinity Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. Mizuho reissued a “buy” rating and issued a $32.00 target price on shares of Trinity Industries in a research report on Tuesday, February 26th. Finally, Cowen reissued a “buy” rating and issued a $30.00 target price on shares of Trinity Industries in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Trinity Industries has a consensus rating of “Hold” and an average target price of $27.22.
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.
See Also: Asset Allocation
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