Neo Ivy Capital Management Sells 19,896 Shares of Trinity Industries, Inc. (NYSE:TRN)

Neo Ivy Capital Management reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 73.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,224 shares of the transportation company's stock after selling 19,896 shares during the quarter. Neo Ivy Capital Management's holdings in Trinity Industries were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TRN. Sequoia Financial Advisors LLC grew its holdings in Trinity Industries by 5.1% during the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company's stock valued at $262,000 after purchasing an additional 423 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Trinity Industries by 4.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock valued at $265,000 after buying an additional 417 shares during the period. Welch Group LLC bought a new stake in shares of Trinity Industries in the 2nd quarter valued at $344,000. Louisiana State Employees Retirement System raised its stake in Trinity Industries by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company's stock worth $1,233,000 after buying an additional 700 shares during the period. Finally, Innealta Capital LLC bought a new position in Trinity Industries during the second quarter worth about $31,000. 86.57% of the stock is owned by institutional investors.

Trinity Industries Stock Down 1.4 %

Shares of TRN stock traded down $0.53 during trading on Thursday, reaching $37.38. The company's stock had a trading volume of 313,463 shares, compared to its average volume of 542,254. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 18.23 and a beta of 1.39. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $39.00. The business has a fifty day moving average price of $36.35 and a 200-day moving average price of $33.25. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating 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 analysts' expectations of $696.00 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business's quarterly revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.30 per share. This is a positive change from Trinity Industries's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, January 15th. Trinity Industries's dividend payout ratio is 58.54%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TRN shares. StockNews.com downgraded Trinity Industries from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Susquehanna cut Trinity Industries from a "positive" rating to a "neutral" rating and increased their target price for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, The Goldman Sachs Group started coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a "neutral" rating and a $39.00 target price on the stock.

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.