Quantitative Investment Management LLC cut its stake in Trinity Industries Inc (NYSE:TRN) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,700 shares of the transportation company’s stock after selling 51,500 shares during the period. Quantitative Investment Management LLC owned approximately 0.09% of Trinity Industries worth $5,345,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TRN. ValueAct Holdings L.P. boosted its holdings in shares of Trinity Industries by 10.7% in the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock valued at $550,438,000 after acquiring an additional 1,672,510 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Trinity Industries by 98.8% in the fourth quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock valued at $79,685,000 after acquiring an additional 1,056,986 shares in the last quarter. Lomas Capital Management LLC bought a new position in shares of Trinity Industries in the fourth quarter valued at approximately $29,273,000. Janus Henderson Group PLC boosted its holdings in shares of Trinity Industries by 16.3% in the third quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock valued at $143,949,000 after acquiring an additional 633,336 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Trinity Industries by 315.6% in the fourth quarter. Renaissance Technologies LLC now owns 615,100 shares of the transportation company’s stock valued at $23,042,000 after acquiring an additional 467,100 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
In other news, major shareholder Holdings L.P. Valueact purchased 300,000 shares of Trinity Industries stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average price of $32.81 per share, for a total transaction of $9,843,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William A. Mcwhirter sold 15,606 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $33.49, for a total transaction of $522,644.94. Following the completion of the sale, the senior vice president now owns 175,733 shares of the company’s stock, valued at approximately $5,885,298.17. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 2,176,882 shares of company stock valued at $71,475,543. 2.00% of the stock is owned by insiders.
Shares of TRN stock traded up $0.22 during trading hours on Wednesday, hitting $33.23. 332,400 shares of the company traded hands, compared to its average volume of 1,352,474. The company has a current ratio of 3.47, a quick ratio of 2.43 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4,943.96, a P/E ratio of 7.47, a PEG ratio of 2.49 and a beta of 2.03. 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 results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 19.15% and a return on equity of 5.34%. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. sell-side analysts predict that Trinity Industries Inc will post 1.32 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 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 programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.56%. Trinity Industries’s dividend payout ratio (DPR) is presently 11.61%.
TRN has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, January 2nd. Cowen increased their target price on shares of Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 13th. Seaport Global Securities assumed coverage on shares of Trinity Industries in a research note on Thursday, January 4th. They set a “neutral” rating for the company. Wells Fargo raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 target price for the company in a research note on Friday, February 16th. Finally, ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. 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’s stock. Trinity Industries has an average rating of “Hold” and an average price target of $35.75.
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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