Cushing Asset Management LP raised its holdings in Trinity Industries Inc (NYSE:TRN) by 60.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,086 shares of the transportation company’s stock after buying an additional 36,550 shares during the period. Cushing Asset Management LP owned about 0.06% of Trinity Industries worth $3,637,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Clearline Capital LP bought a new stake in Trinity Industries in the fourth quarter valued at approximately $2,228,000. Cornerstone Capital Management Holdings LLC. raised its stake in Trinity Industries by 5.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 794,670 shares of the transportation company’s stock valued at $29,767,000 after buying an additional 43,618 shares during the period. NWQ Investment Management Company LLC raised its stake in Trinity Industries by 337.5% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,712,335 shares of the transportation company’s stock valued at $64,144,000 after buying an additional 1,320,972 shares during the period. Teachers Advisors LLC raised its stake in Trinity Industries by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 176,044 shares of the transportation company’s stock valued at $6,595,000 after buying an additional 2,348 shares during the period. Finally, Raymond James & Associates raised its stake in Trinity Industries by 7.3% in the fourth quarter. Raymond James & Associates now owns 372,430 shares of the transportation company’s stock valued at $13,951,000 after buying an additional 25,308 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.
Several analysts have issued reports on the company. Stifel Nicolaus set a $42.00 price objective on Trinity Industries and gave the company a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Saturday, February 10th. Seaport Global Securities assumed coverage on Trinity Industries in a research note on Thursday, January 4th. They issued a “neutral” rating on the stock. Vertical Group assumed coverage on Trinity Industries in a research note on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price objective on the stock. Finally, Vertical Research assumed coverage on Trinity Industries in a research note on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.75.
In related news, major shareholder Holdings L.P. Valueact purchased 350,000 shares of Trinity Industries stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of $32.85 per share, with a total value of $11,497,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William A. Mcwhirter sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the senior vice president now directly owns 191,339 shares in the company, valued at approximately $7,060,409.10. The disclosure for this sale can be found here. Insiders bought 976,882 shares of company stock worth $32,124,543 in the last ninety days. 2.00% of the stock is owned by company insiders.
Trinity Industries Inc (NYSE:TRN) opened at $33.18 on Thursday. Trinity Industries Inc has a 12-month low of $25.01 and a 12-month high of $38.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.47 and a quick ratio of 2.43. The company has a market capitalization of $5,040.00, a P/E ratio of 23.87, a PEG ratio of 2.53 and a beta of 2.04.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Trinity Industries had a return on equity of 5.34% and a net margin of 19.15%. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. sell-side analysts expect that Trinity Industries Inc will post 1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 12th. Trinity Industries’s payout ratio is 37.41%.
Trinity Industries announced that its Board of Directors has initiated a share buyback program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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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