Millennium Management LLC grew its holdings in Trinity Industries Inc (NYSE:TRN) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,541,397 shares of the transportation company’s stock after purchasing an additional 130,924 shares during the quarter. Millennium Management LLC owned about 1.02% of Trinity Industries worth $57,741,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of TRN. Nationwide Fund Advisors boosted its stake in Trinity Industries by 5.4% in the third quarter. Nationwide Fund Advisors now owns 296,629 shares of the transportation company’s stock worth $9,462,000 after purchasing an additional 15,286 shares in the last quarter. FDx Advisors Inc. acquired a new position in Trinity Industries in the third quarter worth $322,000. New York State Common Retirement Fund boosted its stake in Trinity Industries by 3.0% in the third quarter. New York State Common Retirement Fund now owns 322,400 shares of the transportation company’s stock worth $10,285,000 after purchasing an additional 9,500 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Trinity Industries by 6.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 138,005 shares of the transportation company’s stock worth $4,402,000 after purchasing an additional 8,070 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Trinity Industries by 15.3% in the third quarter. Russell Investments Group Ltd. now owns 84,390 shares of the transportation company’s stock worth $2,693,000 after purchasing an additional 11,167 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on TRN. Stifel Nicolaus set a $42.00 target price on Trinity Industries and gave the stock a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, January 2nd. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Seaport Global Securities began coverage on Trinity Industries in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Finally, Cowen boosted their target price on Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $35.75.
Shares of Trinity Industries Inc (TRN) opened at $32.78 on Tuesday. The company has a market capitalization of $4,945.47, a PE ratio of 22.01, a P/E/G ratio of 2.49 and a beta of 2.03. The company has a quick ratio of 2.43, a current ratio of 3.47 and a debt-to-equity ratio of 0.67. 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 released its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Trinity Industries had a return on equity of 5.34% and a net margin of 19.15%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. equities analysts expect that Trinity Industries Inc will post 1.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.59%. Trinity Industries’s dividend payout ratio is presently 11.61%.
Trinity Industries announced that its board has approved a share repurchase plan on Tuesday, December 12th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
In related news, SVP William A. Mcwhirter sold 15,606 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $33.49, for a total value of $522,644.94. Following the completion of the sale, the senior vice president now owns 175,733 shares in the company, valued at $5,885,298.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Valueact Capital Master Fund, acquired 900,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was bought at an average price of $32.77 per share, with a total value of $29,493,000.00. The disclosure for this purchase can be found here. Insiders purchased 2,176,882 shares of company stock valued at $71,475,543 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.
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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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