Shares of Trinity Industries, Inc. (NYSE:TRN - Get Free Report) were down 8.7% during trading on Thursday . The company traded as low as $30.50 and last traded at $31.25. Approximately 736,524 shares changed hands during trading, an increase of 49% from the average daily volume of 493,549 shares. The stock had previously closed at $34.21.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TRN shares. StockNews.com downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. The Goldman Sachs Group started 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 for the company.
Check Out Our Latest Analysis on Trinity Industries
Trinity Industries Stock Up 0.3 %
The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 18.49 and a beta of 1.40. The firm's 50 day simple moving average is $36.11 and its 200-day simple moving average is $35.24.
Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.
Trinity Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, January 15th. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. Trinity Industries's dividend payout ratio is currently 73.17%.
Hedge Funds Weigh In On Trinity Industries
Several large investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock valued at $112,395,000 after buying an additional 73,183 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Trinity Industries by 125.9% in the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company's stock valued at $1,975,000 after buying an additional 31,758 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Trinity Industries in the third quarter valued at about $572,000. Royce & Associates LP raised its holdings in shares of Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company's stock valued at $12,801,000 after buying an additional 27,870 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Trinity Industries by 387.2% in the third quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock valued at $6,254,000 after buying an additional 142,660 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.
About Trinity Industries
(
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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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