Versor Investments LP lowered its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 78.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,998 shares of the transportation company's stock after selling 25,300 shares during the period. Versor Investments LP's holdings in Trinity Industries were worth $246,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Creative Planning grew its position in Trinity Industries by 6.1% during the 3rd quarter. Creative Planning now owns 17,388 shares of the transportation company's stock worth $606,000 after purchasing an additional 1,000 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Trinity Industries by 3,384.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company's stock worth $364,000 after acquiring an additional 10,152 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Trinity Industries by 25.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company's stock worth $888,000 after acquiring an additional 5,247 shares during the period. Atria Investments Inc acquired a new stake in Trinity Industries during the 3rd quarter worth about $270,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Trinity Industries in the 3rd quarter valued at about $204,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on TRN shares. Susquehanna boosted their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a research note on Monday, November 18th. They issued a "neutral" rating and a $39.00 price target on the stock. Finally, StockNews.com cut Trinity Industries from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.
Read Our Latest Analysis on Trinity Industries
Trinity Industries Stock Down 2.0 %
TRN stock traded down $0.62 during trading hours on Tuesday, hitting $29.48. The company's stock had a trading volume of 659,585 shares, compared to its average volume of 554,541. The stock has a 50 day moving average price of $35.63 and a two-hundred day moving average price of $35.19. Trinity Industries, Inc. has a 12 month low of $24.49 and a 12 month high of $39.83. The company has a market capitalization of $2.41 billion, a PE ratio of 17.97 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.
Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. On average, equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.
Trinity Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $0.30 dividend. 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 4.07%. The ex-dividend date was Wednesday, January 15th. Trinity Industries's payout ratio is 73.17%.
Insiders Place Their Bets
In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company's stock.
Trinity Industries Profile
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Free Report)
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.
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