Sterling Capital Management LLC grew its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1,204.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,492 shares of the transportation company’s stock after buying an additional 379,948 shares during the quarter. Sterling Capital Management LLC owned approximately 0.27% of Trinity Industries worth $13,127,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TRN. Stephens Inc. AR grew its stake in Trinity Industries by 3.0% in the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after buying an additional 279 shares during the last quarter. American Asset Management Inc. grew its stake in Trinity Industries by 3.4% in the 2nd quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after buying an additional 310 shares during the last quarter. Utah Retirement Systems grew its stake in Trinity Industries by 1.5% in the 2nd quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock valued at $771,000 after buying an additional 400 shares during the last quarter. First Mercantile Trust Co. grew its stake in Trinity Industries by 10.9% in the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after buying an additional 570 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Trinity Industries by 0.7% in the 2nd quarter. Prudential Financial Inc. now owns 94,478 shares of the transportation company’s stock valued at $2,648,000 after buying an additional 660 shares during the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trinity Industries, Inc. (TRN) traded down $0.88 during trading hours on Friday, reaching $36.48. 1,727,100 shares of the company traded hands, compared to its average volume of 1,313,645. The company has a market cap of $5,670.63, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.51 and a beta of 2.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. Trinity Industries, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $38.25.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million during the quarter, compared to the consensus estimate of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. equities analysts predict that Trinity Industries, Inc. will post 1.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is currently 34.67%.
Trinity Industries announced that its board has approved a share repurchase program on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
A number of research firms have issued reports on TRN. Cowen boosted their price objective on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday. ValuEngine downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stephens reissued an “equal weight” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Trinity Industries in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Susquehanna Bancshares raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.00.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was purchased at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Valueact Capital Master Fund, acquired 832,600 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $31.68 per share, with a total value of $26,376,768.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,722,237 shares of company stock valued at $55,164,869. Corporate insiders own 2.00% of the company’s stock.
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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.
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