Traders Sell Trinity Industries (TRN) on Strength (TRN)

Traders sold shares of Trinity Industries Inc (NYSE:TRN) on strength during trading hours on Tuesday. $30.85 million flowed into the stock on the tick-up and $44.03 million flowed out of the stock on the tick-down, for a money net flow of $13.18 million out of the stock. Of all companies tracked, Trinity Industries had the 28th highest net out-flow for the day. Trinity Industries traded up $0.10 for the day and closed at $31.75

TRN has been the subject of a number of research reports. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, January 2nd. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus set a $42.00 price target on shares of Trinity Industries and gave the company a “buy” rating in a research report on Friday, February 23rd. Seaport Global Securities initiated coverage on shares of Trinity Industries in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Wells Fargo raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research report on Friday, February 16th. Three research 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’s stock. The company has an average rating of “Hold” and a consensus price target of $35.75.

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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 firm has a market cap of $4,784.09, a P/E ratio of 20.89, a PEG ratio of 2.41 and a beta of 1.99.

Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The business had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s revenue was down 17.9% compared to the same quarter last year. analysts predict that Trinity Industries Inc will post 1.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be issued a $0.13 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. Trinity Industries’s payout ratio is 34.21%.

In other news, major shareholder Holdings L.P. Valueact purchased 350,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost 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 can be accessed through this link. Also, major shareholder Valueact Capital Master Fund, purchased 447,505 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were purchased at an average cost of $32.63 per share, with a total value of $14,602,088.15. The disclosure for this purchase can be found here. Insiders bought 2,624,387 shares of company stock valued at $86,077,631 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. HL Financial Services LLC raised its holdings in Trinity Industries by 1.6% during the fourth quarter. HL Financial Services LLC now owns 95,994 shares of the transportation company’s stock worth $3,596,000 after purchasing an additional 1,504 shares in the last quarter. Amalgamated Bank raised its holdings in Trinity Industries by 6.0% during the fourth quarter. Amalgamated Bank now owns 30,395 shares of the transportation company’s stock worth $1,139,000 after purchasing an additional 1,731 shares in the last quarter. California State Teachers Retirement System raised its holdings in Trinity Industries by 0.7% during the fourth quarter. California State Teachers Retirement System now owns 259,651 shares of the transportation company’s stock worth $9,727,000 after purchasing an additional 1,743 shares in the last quarter. Quantitative Systematic Strategies LLC raised its holdings in Trinity Industries by 15.9% during the fourth quarter. Quantitative Systematic Strategies LLC now owns 14,355 shares of the transportation company’s stock worth $538,000 after purchasing an additional 1,970 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Trinity Industries by 1.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 124,871 shares of the transportation company’s stock worth $4,678,000 after purchasing an additional 2,276 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

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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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