Advisory Services Network LLC lowered its stake in shares of Trinity Industries Inc. (NYSE:TRN) by 30.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,580 shares of the company’s stock after selling 5,145 shares during the period. Advisory Services Network LLC’s holdings in Trinity Industries were worth $215,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Trinity Industries during the first quarter valued at $12,908,000. Envestnet Asset Management Inc. boosted its stake in Trinity Industries by 37.8% in the first quarter. Envestnet Asset Management Inc. now owns 328,061 shares of the company’s stock valued at $6,007,000 after buying an additional 89,956 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in Trinity Industries during the first quarter valued at $6,548,000. Scotia Capital Inc. boosted its stake in Trinity Industries by 19.7% in the first quarter. Scotia Capital Inc. now owns 37,496 shares of the company’s stock valued at $687,000 after buying an additional 6,172 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Trinity Industries during the first quarter valued at $195,000. 72.15% of the stock is currently owned by institutional investors and hedge funds.
Trinity Industries Inc. (NYSE:TRN) traded down 1.74% during midday trading on Friday, reaching $24.33. 1,056,308 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 6.29 and a beta of 2.16. The stock’s 50-day moving average is $24.18 and its 200-day moving average is $20.65. Trinity Industries Inc. has a 12-month low of $14.94 and a 12-month high of $30.38.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.14. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $1.33 earnings per share. On average, equities analysts forecast that Trinity Industries Inc. will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. Trinity Industries’s dividend payout ratio is presently 11.37%.
Several equities analysts have recently issued reports on TRN shares. Wells Fargo & Co. reiterated a “hold” rating and set a $22.00 target price on shares of Trinity Industries in a report on Monday, September 19th. Zacks Investment Research lowered shares of Trinity Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Credit Agricole SA started coverage on shares of Trinity Industries in a report on Friday, September 30th. They set an “underperform” rating and a $26.00 target price for the company. KeyCorp reiterated a “buy” rating and set a $28.00 target price on shares of Trinity Industries in a report on Monday, October 3rd. Finally, Stifel Nicolaus lifted their target price on shares of Trinity Industries from $20.00 to $21.00 and gave the company a “hold” rating in a report on Friday, September 30th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of €21.11 ($23.46).
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
Want to see what other hedge funds are holding TRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinity Industries Inc. (NYSE:TRN).
Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.