PDT Partners LLC Trims Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

PDT Partners LLC lowered its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 71.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,229 shares of the transportation company's stock after selling 48,087 shares during the period. PDT Partners LLC's holdings in Trinity Industries were worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRN. Price T Rowe Associates Inc. MD increased its stake in shares of Trinity Industries by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,070 shares of the transportation company's stock worth $1,562,000 after purchasing an additional 2,873 shares during the last quarter. Twelve Points Wealth Management LLC lifted its stake in Trinity Industries by 8.5% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 35,028 shares of the transportation company's stock worth $1,048,000 after purchasing an additional 2,739 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Trinity Industries by 5.1% during the 2nd 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Trinity Industries by 4.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock worth $265,000 after buying an additional 417 shares in the last quarter. Finally, Welch Group LLC bought a new position in shares of Trinity Industries in the second quarter worth approximately $344,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Trading Down 0.8 %

Shares of TRN traded down $0.32 during trading hours on Tuesday, hitting $37.35. The company had a trading volume of 350,957 shares, compared to its average volume of 546,357. The firm has a market cap of $3.07 billion, a P/E ratio of 18.22 and a beta of 1.39. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $38.69. The stock's 50 day moving average price is $35.77 and its 200 day moving average price is $32.89. 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 earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm had revenue of $798.80 million for the quarter, compared to analysts' expectations of $696.00 million. During the same quarter last year, the business earned $0.26 earnings per share. The business's revenue was down 2.7% on a year-over-year basis. On average, research analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.