Y Intercept Hong Kong Ltd Decreases Holdings in Trinity Industries, Inc. (NYSE:TRN)

Y Intercept Hong Kong Ltd trimmed its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 62.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,469 shares of the transportation company's stock after selling 19,254 shares during the period. Y Intercept Hong Kong Ltd's holdings in Trinity Industries were worth $400,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Trinity Industries by 4.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock worth $265,000 after purchasing an additional 417 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Trinity Industries by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company's stock worth $1,233,000 after buying an additional 700 shares during the period. Innealta Capital LLC purchased a new position in shares of Trinity Industries during the 2nd quarter valued at about $31,000. Commonwealth Equity Services LLC grew its stake in shares of Trinity Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company's stock valued at $1,084,000 after acquiring an additional 497 shares during the period. Finally, Versor Investments LP increased its holdings in Trinity Industries by 21.7% in the 2nd quarter. Versor Investments LP now owns 30,386 shares of the transportation company's stock worth $909,000 after acquiring an additional 5,410 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded down $1.10 on Tuesday, hitting $36.68. 603,429 shares of the company traded hands, compared to its average volume of 541,089. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $39.00. The business has a 50-day simple moving average of $36.49 and a 200 day simple moving average of $33.38. 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 capitalization of $3.01 billion, a P/E ratio of 17.93 and a beta of 1.39.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $798.80 million for the quarter, compared to analysts' expectations of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. Research analysts expect that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.30 dividend. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.27%. Trinity Industries's payout ratio is presently 58.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRN shares. Susquehanna downgraded shares of Trinity Industries from a "positive" rating to a "neutral" rating and lifted their price target for the company from $34.00 to $35.00 in a report on Monday, October 21st. 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. Finally, StockNews.com lowered Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

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.