Wells Fargo & Company MN increased its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 379,615 shares of the transportation company’s stock after acquiring an additional 7,186 shares during the quarter. Wells Fargo & Company MN’s holdings in Trinity Industries were worth $13,910,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in TRN. Bank of Montreal Can purchased a new position in Trinity Industries during the second quarter worth approximately $2,498,000. Janney Montgomery Scott LLC purchased a new position in Trinity Industries during the second quarter worth approximately $224,000. First Trust Advisors LP lifted its position in Trinity Industries by 34.4% during the second quarter. First Trust Advisors LP now owns 1,021,150 shares of the transportation company’s stock worth $34,985,000 after buying an additional 261,306 shares in the last quarter. Victory Capital Management Inc. lifted its position in Trinity Industries by 13.3% during the second quarter. Victory Capital Management Inc. now owns 85,008 shares of the transportation company’s stock worth $2,912,000 after buying an additional 9,951 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Trinity Industries by 668.0% during the second quarter. CIBC Private Wealth Group LLC now owns 9,300 shares of the transportation company’s stock worth $319,000 after buying an additional 8,089 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors and hedge funds.
In other Trinity Industries news, Director Brandon B. Boze bought 8,788 shares of the business’s stock in a transaction on Friday, November 23rd. The stock was bought at an average price of $22.00 per share, with a total value of $193,336.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brandon B. Boze bought 143,576 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average cost of $21.99 per share, with a total value of $3,157,236.24. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
TRN stock opened at $22.07 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 firm has a market cap of $3.31 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 3.43 and a beta of 2.29. Trinity Industries Inc has a 52-week low of $20.65 and a 52-week high of $39.35.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $930.90 million for the quarter, compared to analyst estimates 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 last year, the business earned $0.43 EPS. As a group, equities research analysts anticipate that Trinity Industries Inc will post 0.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, January 14th. This represents a $0.52 annualized dividend and a yield of 2.36%. Trinity Industries’s dividend payout ratio (DPR) is 34.21%.
A number of brokerages recently commented on TRN. Vertical Group downgraded Trinity Industries from a “hold” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research report on Tuesday. Zacks Investment Research downgraded Trinity Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 29th. Seaport Global Securities upgraded Trinity Industries from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Monday, November 26th. Stifel Nicolaus set a $34.00 price objective on Trinity Industries and gave the stock a “buy” rating in a research report on Saturday, November 17th. Finally, Cowen reduced their price objective on Trinity Industries from $47.00 to $29.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Four research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.20.
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Trinity Industries 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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