Redwood Investment Management LLC raised its stake in Trinity Industries Inc (NYSE:TRN) by 28.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,556 shares of the transportation company’s stock after purchasing an additional 10,196 shares during the quarter. Redwood Investment Management LLC’s holdings in Trinity Industries were worth $990,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ValueAct Holdings L.P. lifted its holdings in shares of Trinity Industries by 2.3% during the 4th quarter. ValueAct Holdings L.P. now owns 21,900,000 shares of the transportation company’s stock valued at $450,921,000 after acquiring an additional 492,109 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Trinity Industries by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 12,926,301 shares of the transportation company’s stock valued at $473,620,000 after acquiring an additional 64,718 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Trinity Industries by 3.1% during the 4th quarter. BlackRock Inc. now owns 12,779,413 shares of the transportation company’s stock valued at $263,128,000 after acquiring an additional 383,426 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Trinity Industries by 21.1% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,582,884 shares of the transportation company’s stock valued at $77,856,000 after acquiring an additional 625,120 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Trinity Industries by 29.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,326,034 shares of the transportation company’s stock valued at $72,275,000 after acquiring an additional 756,977 shares in the last quarter. Institutional investors own 86.93% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Trinity Industries from a “sell” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, April 30th. Stifel Nicolaus set a $33.00 target price on shares of Trinity Industries and gave the company a “buy” rating in a report on Friday, April 26th. Mizuho restated a “buy” rating and set a $32.00 target price on shares of Trinity Industries in a report on Tuesday, February 26th. TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.44.
In related news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total transaction of $45,081.30. Following the sale, the insider now owns 58,345 shares of the company’s stock, valued at approximately $1,219,410.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.50% of the company’s stock.
Trinity Industries stock opened at $19.34 on Monday. Trinity Industries Inc has a 12-month low of $18.99 and a 12-month high of $39.35. The firm has a market cap of $2.51 billion, a P/E ratio of 24.18, a PEG ratio of 1.45 and a beta of 2.00. The company has a current ratio of 2.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The firm had revenue of $604.80 million for the quarter, compared to the consensus estimate of $660.72 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Trinity Industries Inc will post 1.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio (DPR) is 85.00%.
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Trinity Industries 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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