CIBC World Markets Inc. Acquires 1,775 Shares of Trinity Industries Inc (TRN)

CIBC World Markets Inc. increased its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,740 shares of the transportation company’s stock after acquiring an additional 1,775 shares during the period. CIBC World Markets Inc.’s holdings in Trinity Industries were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. boosted its position in shares of Trinity Industries by 21.4% during the 1st quarter. Moors & Cabot Inc. now owns 24,950 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 4,400 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Trinity Industries by 33.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 16,490 shares of the transportation company’s stock valued at $538,000 after acquiring an additional 4,100 shares in the last quarter. Tuttle Tactical Management acquired a new stake in shares of Trinity Industries during the 1st quarter valued at about $1,296,000. Verition Fund Management LLC boosted its position in shares of Trinity Industries by 196.1% during the 1st quarter. Verition Fund Management LLC now owns 157,067 shares of the transportation company’s stock valued at $5,125,000 after acquiring an additional 104,026 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its position in Trinity Industries by 10.1% in the first quarter. Hilltop Holdings Inc. now owns 20,945 shares of the transportation company’s stock valued at $683,000 after buying an additional 1,928 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

A number of equities analysts have commented on the stock. Mizuho assumed coverage on shares of Trinity Industries in a research report on Thursday, June 28th. They issued a “buy” rating and a $42.00 price target on the stock. Vertical Group assumed coverage on shares of Trinity Industries in a research report on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price target on the stock. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, May 3rd. Vertical Research assumed coverage on shares of Trinity Industries in a research report on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price target on the stock. Finally, TheStreet lowered shares of Trinity Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $38.42.

Shares of NYSE TRN opened at $34.46 on Wednesday. Trinity Industries Inc has a 1-year low of $26.80 and a 1-year high of $38.25. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 2.46 and a beta of 2.04. 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 announced its earnings results on Wednesday, April 25th. The transportation company reported $0.30 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $831.30 million during the quarter, compared to the consensus estimate of $893.58 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. equities research analysts anticipate that Trinity Industries Inc will post 1.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 12th. Trinity Industries’s dividend payout ratio is presently 34.21%.

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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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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