New York State Common Retirement Fund Acquires 9,500 Shares of Trinity Industries Inc (TRN)

New York State Common Retirement Fund raised its holdings in Trinity Industries Inc (NYSE:TRN) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 322,400 shares of the transportation company’s stock after buying an additional 9,500 shares during the period. New York State Common Retirement Fund owned 0.21% of Trinity Industries worth $10,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRN. First Mercantile Trust Co. boosted its holdings 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 purchasing an additional 570 shares during the period. Sippican Capital Advisors bought a new stake in shares of Trinity Industries during the 3rd quarter worth approximately $211,000. Pacad Investment Ltd. lifted its holdings in shares of Trinity Industries by 36.5% during the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after acquiring an additional 1,900 shares during the period. Dearborn Partners LLC bought a new stake in shares of Trinity Industries during the 2nd quarter worth approximately $209,000. Finally, Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Trinity Industries during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 82.16% of the company’s stock.

In related news, SVP William A. Mcwhirter sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the sale, the senior vice president now owns 191,339 shares in the company, valued at $7,060,409.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Valueact Capital Master Fund, acquired 832,600 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were bought 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. Insiders acquired 1,722,237 shares of company stock worth $55,164,869 over the last ninety days. Insiders own 2.00% of the company’s stock.

Shares of Trinity Industries Inc (TRN) traded up $0.33 during midday trading on Friday, reaching $37.15. 496,835 shares of the company traded hands, compared to its average volume of 1,087,800. The company has a market capitalization of $5,640.00, a price-to-earnings ratio of 24.77, a PEG ratio of 2.70 and a beta of 2.27. Trinity Industries Inc has a fifty-two week low of $25.01 and a fifty-two week high of $38.25. 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 (NYSE:TRN) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. equities analysts anticipate that Trinity Industries Inc will post 1.48 EPS for the current year.

Trinity Industries announced that its board has initiated a share repurchase program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is 34.67%.

TRN has been the subject of a number of recent analyst reports. UBS Group raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price objective on shares of Trinity Industries in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. Cowen upped their price target on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Finally, ValuEngine cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $36.25.

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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.

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

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