Spring Capital Management LLC Purchases Shares of 18,000 Trinity Industries, Inc. (NYSE:TRN)

Spring Capital Management LLC purchased a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,000 shares of the transportation company's stock, valued at approximately $632,000.

Other large investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of Trinity Industries in the second quarter worth $1,824,000. Edgestream Partners L.P. purchased a new stake in Trinity Industries during the 2nd quarter valued at about $1,333,000. Canada Pension Plan Investment Board bought a new stake in Trinity Industries during the 2nd quarter valued at about $54,000. Public Sector Pension Investment Board lifted its stake in shares of Trinity Industries by 7.3% in the second quarter. Public Sector Pension Investment Board now owns 180,057 shares of the transportation company's stock worth $5,387,000 after buying an additional 12,242 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Trinity Industries in the second quarter worth approximately $1,049,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

Shares of NYSE TRN traded up $0.68 during midday trading on Friday, hitting $38.26. 482,825 shares of the stock traded hands, compared to its average volume of 475,831. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $39.00. The firm has a 50-day moving average of $36.78 and a two-hundred day moving average of $34.36. 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 firm has a market capitalization of $3.14 billion, a P/E ratio of 18.66 and a beta of 1.40.

Trinity Industries (NYSE:TRN - Get Free Report) last released 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. The firm had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, equities analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. This is a positive change from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, January 15th. Trinity Industries's dividend payout ratio is 54.63%.

Analyst Upgrades and Downgrades

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

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.