Tocqueville Asset Management L.P. bought a new position in Trinity Industries Inc (NYSE:TRN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,750 shares of the transportation company’s stock, valued at approximately $215,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in Trinity Industries in the 4th quarter worth approximately $137,000. Cigna Investments Inc. New purchased a new stake in Trinity Industries in the 4th quarter worth approximately $202,000. OLD National Bancorp IN purchased a new stake in Trinity Industries in the 4th quarter worth approximately $204,000. Wellington Shields Capital Management LLC purchased a new stake in Trinity Industries in the 4th quarter worth approximately $210,000. Finally, Griffin Asset Management Inc. purchased a new stake in Trinity Industries in the 3rd quarter worth approximately $213,000. Institutional investors and hedge funds own 87.42% of the company’s stock.
Several analysts have issued reports on the stock. Stifel Nicolaus set a $42.00 target price on shares of Trinity Industries and gave the stock a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Saturday, February 10th. Seaport Global Securities began coverage on shares of Trinity Industries in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Vertical Group began coverage on shares of Trinity Industries in a research report on Tuesday, March 6th. They set a “sell” rating and a $20.00 price objective on the stock. Finally, Vertical Research began coverage on shares of Trinity Industries in a research report on Tuesday, March 6th. They set a “sell” rating and a $20.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Trinity Industries has an average rating of “Hold” and an average price target of $35.75.
In other news, major shareholder Valueact Capital Master Fund, purchased 447,505 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were acquired at an average price of $32.63 per share, with a total value of $14,602,088.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William A. Mcwhirter sold 15,606 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was 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 directly owns 175,733 shares in the company, valued at approximately $5,885,298.17. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,624,387 shares of company stock worth $86,077,631. 2.00% of the stock is owned by corporate insiders.
Shares of NYSE:TRN opened at $31.65 on Friday. The firm has a market capitalization of $4,873.08, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.46 and a beta of 2.00. Trinity Industries Inc has a 52 week low of $25.05 and a 52 week high of $38.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The firm’s revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. equities analysts forecast that Trinity Industries Inc will post 1.32 earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $0.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, April 12th. Trinity Industries’s payout ratio is presently 34.21%.
Trinity Industries announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 12th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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About Trinity Industries
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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