Sterling Capital Management LLC lessened its stake in shares of Trinity Industries Inc (NYSE:TRN) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,226,611 shares of the transportation company’s stock after selling 57,532 shares during the period. Sterling Capital Management LLC owned 0.84% of Trinity Industries worth $44,943,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRN. Point72 Hong Kong Ltd bought a new position in shares of Trinity Industries during the 2nd quarter valued at about $130,000. Cerebellum GP LLC bought a new position in shares of Trinity Industries in the 2nd quarter valued at about $176,000. KBC Group NV lifted its holdings in shares of Trinity Industries by 108.0% in the 2nd quarter. KBC Group NV now owns 5,637 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 2,927 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Trinity Industries in the 3rd quarter valued at about $202,000. Finally, Fulton Bank N.A. bought a new position in shares of Trinity Industries in the 3rd quarter valued at about $206,000. 83.96% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE TRN opened at $22.26 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.50 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.77 and a beta of 2.25. Trinity Industries Inc has a 1 year low of $20.70 and a 1 year high of $39.35.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). The firm had revenue of $930.90 million during the quarter, compared to the consensus estimate of $969.60 million. Trinity Industries had a return on equity of 5.38% and a net margin of 18.57%. During the same period in the previous year, the business earned $0.43 EPS. On average, sell-side analysts predict that Trinity Industries Inc will post 1.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, October 12th. Trinity Industries’s payout ratio is currently 34.21%.
TRN has been the subject of a number of analyst reports. ValuEngine downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Cowen reaffirmed a “buy” rating and issued a $47.00 price target on shares of Trinity Industries in a report on Wednesday, October 24th. TheStreet raised shares of Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Stifel Nicolaus increased their price target on shares of Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Buckingham Research increased their price target on shares of Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Trinity Industries presently has an average rating of “Buy” and an average target price of $38.22.
About Trinity Industries
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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