Intech Investment Management LLC Buys New Holdings in Trinity Industries, Inc. (NYSE:TRN)

Intech Investment Management LLC bought a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,431 shares of the transportation company's stock, valued at approximately $572,000.

A number of other hedge funds also recently made changes to their positions in the stock. Matrix Trust Co bought a new position in Trinity Industries in the 3rd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in Trinity Industries in the 2nd quarter worth about $31,000. GAMMA Investing LLC boosted its stake in shares of Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Trinity Industries during the second quarter worth about $54,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Trinity Industries in the second quarter valued at approximately $175,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Trinity Industries from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Susquehanna cut shares of Trinity Industries from a "positive" rating to a "neutral" rating and boosted their price objective for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on Trinity Industries in a research report on Monday, November 18th. They set a "neutral" rating and a $39.00 target price for the company.

Trinity Industries Trading Down 0.1 %

Shares of TRN traded down $0.04 during trading hours on Monday, hitting $37.66. 405,438 shares of the stock were exchanged, compared to its average volume of 547,199. The firm has a market capitalization of $3.09 billion, a P/E ratio of 18.39 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. Trinity Industries, Inc. has a fifty-two week low of $23.40 and a fifty-two week high of $38.69. The business has a 50-day moving average of $35.70 and a 200-day moving average of $32.84.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. During the same period last year, the company posted $0.26 EPS. The business's quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts expect that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 2.97%. Trinity Industries's dividend payout ratio is currently 54.63%.

Trinity Industries Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.