Stephens Inc. AR decreased its holdings in shares of Trinity Industries (NYSE:TRN) by 61.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,411 shares of the transportation company’s stock after selling 21,834 shares during the period. Stephens Inc. AR’s holdings in Trinity Industries were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. HL Financial Services LLC grew its position in shares of Trinity Industries by 1.6% during the 4th quarter. HL Financial Services LLC now owns 95,994 shares of the transportation company’s stock valued at $3,596,000 after acquiring an additional 1,504 shares during the period. Amalgamated Bank boosted its holdings in Trinity Industries by 6.0% in the 4th quarter. Amalgamated Bank now owns 30,395 shares of the transportation company’s stock worth $1,139,000 after buying an additional 1,731 shares during the period. California State Teachers Retirement System boosted its holdings in Trinity Industries by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 259,651 shares of the transportation company’s stock worth $9,727,000 after buying an additional 1,743 shares during the period. Quantitative Systematic Strategies LLC boosted its holdings in Trinity Industries by 15.9% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 14,355 shares of the transportation company’s stock worth $538,000 after buying an additional 1,970 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in Trinity Industries by 1.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 124,871 shares of the transportation company’s stock worth $4,678,000 after buying an additional 2,276 shares during the period. 88.16% of the stock is owned by hedge funds and other institutional investors.
In other Trinity Industries news, SVP William A. Mcwhirter sold 15,606 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 175,733 shares of the company’s stock, valued at approximately $5,885,298.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 350,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $32.85 per share, with a total value of $11,497,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,624,387 shares of company stock valued at $86,077,631 in the last three months. Insiders own 2.20% of the company’s stock.
Several research analysts recently weighed in on the stock. Susquehanna Bancshares upped their target price on shares of Trinity Industries from $40.00 to $52.00 and gave the stock a “positive” rating in a report on Tuesday, February 20th. 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 report on Friday, February 16th. Zacks Investment Research raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Saturday, March 10th. Stifel Nicolaus set a $42.00 target price on shares of Trinity Industries and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Vertical Research assumed coverage on shares of Trinity Industries in a report on Tuesday, March 6th. They issued a “sell” rating and a $20.00 target price for the company. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $35.83.
Trinity Industries opened at $34.29 on Monday, according to MarketBeat Ratings. Trinity Industries has a 52 week low of $25.05 and a 52 week high of $38.25. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.50 and a beta of 2.02. The company has a quick ratio of 2.10, a current ratio of 3.14 and a debt-to-equity ratio of 0.67.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Trinity Industries had a net margin of 19.26% and a return on equity of 5.28%. The business had revenue of $831.30 million during the quarter, compared to the consensus estimate of $893.58 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue was down 5.2% on a year-over-year basis. sell-side analysts forecast that Trinity Industries will post 1.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, July 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 34.21%.
Trinity Industries Profile
Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.
Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.