Trinity Industries Inc (NYSE:TRN) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 8,015,100 shares, a decline of 32.4% from the May 31st total of 11,859,413 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,463,827 shares, the days-to-cover ratio is currently 3.3 days.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James & Associates lifted its holdings in shares of Trinity Industries by 7.3% in the 4th quarter. Raymond James & Associates now owns 372,430 shares of the transportation company’s stock valued at $13,951,000 after buying an additional 25,308 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Trinity Industries in the 4th quarter valued at about $3,597,000. ValueAct Holdings L.P. lifted its holdings in shares of Trinity Industries by 7.8% in the 4th quarter. ValueAct Holdings L.P. now owns 18,607,352 shares of the transportation company’s stock valued at $697,031,000 after buying an additional 1,352,237 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Trinity Industries by 315.6% in the 4th quarter. Renaissance Technologies LLC now owns 615,100 shares of the transportation company’s stock valued at $23,042,000 after buying an additional 467,100 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Trinity Industries by 1.4% in the 4th quarter. Teachers Advisors LLC now owns 176,044 shares of the transportation company’s stock valued at $6,595,000 after buying an additional 2,348 shares during the period. 88.73% of the stock is owned by institutional investors.
Shares of TRN opened at $34.26 on Friday. Trinity Industries has a one year low of $26.80 and a one year high of $38.25. The company has a quick ratio of 2.10, a current ratio of 3.14 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.39 and a beta of 2.05.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, April 25th. The transportation company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Trinity Industries had a return on equity of 5.28% and a net margin of 19.26%. The company had revenue of $831.30 million during the quarter, compared to analysts’ expectations of $893.58 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. equities research analysts expect that Trinity Industries will post 1.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.52%. Trinity Industries’s dividend payout ratio is currently 34.21%.
TRN has been the topic of several research analyst reports. Vertical Group initiated coverage on Trinity Industries in a research note on Tuesday, March 6th. They set a “sell” rating and a $20.00 target price on the stock. Vertical Research initiated coverage on Trinity Industries in a research note on Tuesday, March 6th. They set a “sell” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. TheStreet downgraded Trinity Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, April 25th. Finally, Stifel Nicolaus boosted their target price on Trinity Industries from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Trinity Industries has an average rating of “Buy” and a consensus target price of $36.31.
Trinity Industries Company 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.
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