California State Teachers Retirement System cut its stake in Trinity Industries Inc (NYSE:TRN) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,234 shares of the transportation company’s stock after selling 4,668 shares during the quarter. California State Teachers Retirement System’s holdings in Trinity Industries were worth $5,177,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in TRN. First Hawaiian Bank purchased a new position in Trinity Industries in the 1st quarter valued at about $62,000. Private Capital Group LLC increased its stake in shares of Trinity Industries by 45.3% during the first quarter. Private Capital Group LLC now owns 2,975 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 927 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Trinity Industries by 62.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 1,463 shares during the period. Penserra Capital Management LLC bought a new stake in Trinity Industries during the fourth quarter worth approximately $84,000. Finally, Dupont Capital Management Corp bought a new stake in Trinity Industries during the first quarter worth approximately $148,000. 88.56% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on TRN shares. Cowen reissued a “buy” rating and set a $30.00 target price on shares of Trinity Industries in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, February 26th. Mizuho restated a “buy” rating and issued a $32.00 price target on shares of Trinity Industries in a research report on Tuesday, February 26th. Buckingham Research downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $26.00 in a research note on Friday, March 22nd. Finally, Stephens set a $24.00 price target on shares of Trinity Industries and gave the stock a “hold” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.44.
NYSE:TRN opened at $19.98 on Thursday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 1.52 and a beta of 2.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.86 and a current ratio of 2.02. Trinity Industries Inc has a twelve month low of $18.99 and a twelve month high of $39.35.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Trinity Industries had a return on equity of 5.63% and a net margin of 4.66%. The company had revenue of $604.80 million for the quarter, compared to analyst estimates of $660.72 million. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Trinity Industries Inc will post 1.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio is currently 85.00%.
In other news, insider Brian D. Madison sold 2,157 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $20.90, for a total value of $45,081.30. Following the completion of the transaction, the insider now owns 58,345 shares in the company, valued at $1,219,410.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.50% of the stock is owned by insiders.
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Trinity Industries Company Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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