Los Angeles Capital Management LLC Boosts Stake in Trinity Industries, Inc. (NYSE:TRN)

Los Angeles Capital Management LLC lifted its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 611.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,912 shares of the transportation company's stock after purchasing an additional 44,615 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Trinity Industries worth $1,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. UniSuper Management Pty Ltd purchased a new position in shares of Trinity Industries in the 1st quarter worth $544,000. Marshall Wace LLP purchased a new position in Trinity Industries in the second quarter worth about $1,049,000. State of New Jersey Common Pension Fund D bought a new stake in Trinity Industries during the second quarter worth approximately $1,824,000. GAMMA Investing LLC raised its position in 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 during the period. Finally, Millennium Management LLC raised its position in Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company's stock valued at $24,625,000 after purchasing an additional 529,857 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Trading Down 1.3 %

Shares of TRN traded down $0.50 during mid-day trading on Thursday, reaching $37.37. 387,933 shares of the company's stock traded hands, compared to its average volume of 553,063. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The stock's 50-day moving average is $34.40 and its two-hundred day moving average is $32.19. Trinity Industries, Inc. has a 12 month low of $23.40 and a 12 month high of $38.69. The stock has a market cap of $3.07 billion, a P/E ratio of 18.18 and a beta of 1.39.

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

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, October 15th. Trinity Industries's dividend payout ratio (DPR) is presently 54.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRN. Susquehanna downgraded Trinity Industries from a "positive" rating to a "neutral" rating and boosted their target price for the company from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

Trinity Industries Company 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.