Massachusetts Financial Services Co. MA acquired a new stake in Trinity Industries, Inc. (NYSE:TRN) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 36,566 shares of the transportation company’s stock, valued at approximately $971,000.
Several other institutional investors have also modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in Trinity Industries during the first quarter valued at about $139,000. Advisory Services Network LLC purchased a new stake in Trinity Industries during the first quarter valued at about $195,000. American Asset Management Inc. purchased a new stake in Trinity Industries during the first quarter valued at about $241,000. Stephens Inc. AR raised its stake in shares of Trinity Industries by 4.5% in the first quarter. Stephens Inc. AR now owns 9,404 shares of the transportation company’s stock worth $250,000 after buying an additional 405 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Trinity Industries by 10.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,302 shares of the transportation company’s stock worth $286,000 after buying an additional 995 shares during the period. Hedge funds and other institutional investors own 80.47% of the company’s stock.
Shares of Trinity Industries, Inc. (NYSE TRN) opened at 27.69 on Tuesday. Trinity Industries, Inc. has a 12-month low of $20.36 and a 12-month high of $30.13. The company has a 50 day moving average price of $26.59 and a 200 day moving average price of $27.13. The company has a market capitalization of $4.21 billion, a P/E ratio of 14.51 and a beta of 2.19.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Tuesday, April 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Trinity Industries had a return on equity of 6.82% and a net margin of 6.81%. The firm had revenue of $877.30 million for the quarter, compared to analysts’ expectations of $904.66 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Trinity Industries’s revenue for the quarter was down 26.1% compared to the same quarter last year. Equities analysts anticipate that Trinity Industries, Inc. will post $1.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, July 12th. This represents a $0.52 annualized dividend and a yield of 1.88%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.11. Trinity Industries’s dividend payout ratio is presently 27.23%.
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TRN has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. ValuEngine raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Trinity Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a report on Friday, June 16th. Finally, Buckingham Research assumed coverage on shares of Trinity Industries in a report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 target price for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.50.
In other news, insider D Stephen Menzies sold 27,742 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.11, for a total transaction of $724,343.62. Following the completion of the transaction, the insider now directly owns 236,707 shares of the company’s stock, valued at $6,180,419.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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