Trinity Industries, Inc. (NYSE:TRN) Short Interest Update

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,210,000 shares, a decrease of 19.6% from the December 31st total of 2,750,000 shares. Based on an average daily volume of 521,600 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.7% of the company's stock are short sold.

Analyst Ratings Changes

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

Trinity Industries Stock Up 2.2 %

NYSE TRN traded up $0.82 during trading on Thursday, reaching $38.53. 79,946 shares of the company's stock were exchanged, compared to its average volume of 457,069. The company has a 50 day moving average price of $36.91 and a two-hundred day moving average price of $34.87. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a market cap of $3.17 billion, a P/E ratio of 18.78 and a beta of 1.40. Trinity Industries has a 1 year low of $23.67 and a 1 year high of $39.83.

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, beating 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 business had revenue of $798.80 million during the quarter, compared to analysts' expectations of $696.00 million. During the same quarter in the prior year, the business posted $0.26 EPS. The company's revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Trinity Industries will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. This is a boost from Trinity Industries's previous quarterly dividend of $0.28. Trinity Industries's dividend payout ratio is currently 58.54%.

Hedge Funds Weigh In On Trinity Industries

Institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC raised its position in Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock worth $376,000 after acquiring an additional 338 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Trinity Industries by 85.6% in the 3rd 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. CWM LLC boosted its holdings in Trinity Industries by 13.3% during the third quarter. CWM LLC now owns 5,197 shares of the transportation company's stock worth $181,000 after buying an additional 609 shares in the last quarter. Matrix Trust Co acquired a new position in Trinity Industries during the third quarter worth about $25,000. Finally, Creative Planning increased its holdings in Trinity Industries by 6.1% in the third quarter. Creative Planning now owns 17,388 shares of the transportation company's stock valued at $606,000 after buying an additional 1,000 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

About Trinity Industries

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.