Public Employees Retirement Association of Colorado reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,432 shares of the transportation company’s stock after selling 2,026 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Trinity Industries were worth $907,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board grew its position in Trinity Industries by 37.0% during the third quarter. Canada Pension Plan Investment Board now owns 113,200 shares of the transportation company’s stock worth $3,611,000 after buying an additional 30,600 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in Trinity Industries by 9.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,500 shares of the transportation company’s stock worth $1,005,000 after buying an additional 2,800 shares during the period. Sippican Capital Advisors acquired a new position in Trinity Industries during the third quarter worth about $211,000. Parametrica Management Ltd acquired a new position in Trinity Industries during the third quarter worth about $303,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Trinity Industries during the third quarter worth about $691,000. 80.14% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on TRN shares. Cowen and Company upped their target price on shares of Trinity Industries from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. Stifel Nicolaus restated a “buy” rating and set a $42.00 target price (up from $31.00) on shares of Trinity Industries in a research report on Sunday, October 1st. Finally, UBS AG upgraded shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Trinity Industries currently has a consensus rating of “Buy” and an average price target of $34.13.
Shares of Trinity Industries, Inc. (NYSE:TRN) opened at $32.58 on Monday. The company has a market cap of $4,945.11, a P/E ratio of 21.72, a PEG ratio of 2.19 and a beta of 2.25. Trinity Industries, Inc. has a 1 year low of $25.01 and a 1 year high of $35.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.32 by $0.11. The business had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. sell-side analysts predict that Trinity Industries, Inc. will post 1.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. Trinity Industries’s dividend payout ratio is presently 34.67%.
In other news, major shareholder Holdings L.P. Valueact bought 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were purchased at an average price of $31.45 per share, for a total transaction of $9,435,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 403,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $28.48 per share, for a total transaction of $11,477,440.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,258,333 shares of company stock worth $67,928,765. 2.00% of the stock is owned by company insiders.
About Trinity Industries
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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