New York State Common Retirement Fund Has $8.77 Million Position in Trinity Industries, Inc. (TRN)

New York State Common Retirement Fund reduced its holdings in Trinity Industries, Inc. (NYSE:TRN) by 26.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,900 shares of the transportation company’s stock after selling 111,801 shares during the quarter. New York State Common Retirement Fund owned approximately 0.21% of Trinity Industries worth $8,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TRN. CENTRAL TRUST Co grew its position in Trinity Industries by 1.3% during the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after acquiring an additional 161 shares during the period. Stephens Inc. AR grew its position in Trinity Industries by 3.0% during the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after acquiring an additional 279 shares during the period. American Asset Management Inc. grew its position in Trinity Industries by 3.4% during the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after acquiring an additional 310 shares during the period. Alpha Windward LLC grew its position in Trinity Industries by 2.2% during the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 360 shares during the period. Finally, Utah Retirement Systems grew its position in Trinity Industries by 1.5% during the second quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock valued at $771,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/10/new-york-state-common-retirement-fund-has-8-77-million-position-in-trinity-industries-inc-trn.html.

Shares of Trinity Industries, Inc. (NYSE:TRN) opened at 34.50 on Tuesday. The stock has a 50 day moving average price of $30.42 and a 200 day moving average price of $27.92. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $35.97. The stock has a market cap of $5.22 billion, a P/E ratio of 21.20 and a beta of 2.19.

Trinity Industries (NYSE:TRN) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue was down 23.6% compared to the same quarter last year. Equities analysts anticipate that Trinity Industries, Inc. will post $1.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.51%. Trinity Industries’s dividend payout ratio (DPR) is currently 32.10%.

A number of equities research analysts have issued reports on the company. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research report on Thursday, July 13th. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. Cowen and Company boosted their price target on Trinity Industries from $31.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

In related news, major shareholder Valueact Capital Master Fund, bought 248,941 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average cost of $28.65 per share, for a total transaction of $7,132,159.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings L.P. Valueact bought 167,395 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $27.51 per share, for a total transaction of $4,605,036.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders have a

A number of other institutional investors have also added to or reduced their stakes in TRN. CENTRAL TRUST Co grew its position in Trinity Industries by 1.3% during the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after acquiring an additional 161 shares during the period. Stephens Inc. AR grew its position in Trinity Industries by 3.0% during the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after acquiring an additional 279 shares during the period. American Asset Management Inc. grew its position in Trinity Industries by 3.4% during the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after acquiring an additional 310 shares during the period. Alpha Windward LLC grew its position in Trinity Industries by 2.2% during the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 360 shares during the period. Finally, Utah Retirement Systems grew its position in Trinity Industries by 1.5% during the second quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock valued at $771,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/10/new-york-state-common-retirement-fund-has-8-77-million-position-in-trinity-industries-inc-trn.html.

Shares of Trinity Industries, Inc. (NYSE:TRN) opened at 34.50 on Tuesday. The stock has a 50 day moving average price of $30.42 and a 200 day moving average price of $27.92. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $35.97. The stock has a market cap of $5.22 billion, a P/E ratio of 21.20 and a beta of 2.19.

Trinity Industries (NYSE:TRN) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue was down 23.6% compared to the same quarter last year. Equities analysts anticipate that Trinity Industries, Inc. will post $1.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.51%. Trinity Industries’s dividend payout ratio (DPR) is currently 32.10%.

A number of equities research analysts have issued reports on the company. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research report on Thursday, July 13th. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. Cowen and Company boosted their price target on Trinity Industries from $31.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

In related news, major shareholder Valueact Capital Master Fund, bought 248,941 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average cost of $28.65 per share, for a total transaction of $7,132,159.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings L.P. Valueact bought 167,395 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $27.51 per share, for a total transaction of $4,605,036.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,709,624 shares of company stock worth $48,298,143. Corporate insiders own 2.00% of the company’s stock.

Trinity Industries Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Want to see what other hedge funds are holding TRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinity Industries, Inc. (NYSE:TRN).

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply