Renaissance Technologies LLC Purchases 467,100 Shares of Trinity Industries Inc (TRN)

Renaissance Technologies LLC raised its position in Trinity Industries Inc (NYSE:TRN) by 315.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 615,100 shares of the transportation company’s stock after acquiring an additional 467,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Trinity Industries were worth $23,042,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. HL Financial Services LLC grew its position in Trinity Industries by 1.6% in the fourth quarter. HL Financial Services LLC now owns 95,994 shares of the transportation company’s stock valued at $3,596,000 after acquiring an additional 1,504 shares in the last quarter. Amalgamated Bank grew its position in Trinity Industries by 6.0% in the fourth quarter. Amalgamated Bank now owns 30,395 shares of the transportation company’s stock valued at $1,139,000 after acquiring an additional 1,731 shares in the last quarter. Quantitative Systematic Strategies LLC grew its position in Trinity Industries by 15.9% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 14,355 shares of the transportation company’s stock valued at $538,000 after acquiring an additional 1,970 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Trinity Industries by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 124,871 shares of the transportation company’s stock valued at $4,678,000 after acquiring an additional 2,276 shares in the last quarter. Finally, Creative Planning grew its position in Trinity Industries by 11.7% in the fourth quarter. Creative Planning now owns 22,260 shares of the transportation company’s stock valued at $834,000 after acquiring an additional 2,328 shares in the last quarter. 87.42% of the stock is owned by institutional investors.

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In related news, SVP William A. Mcwhirter sold 15,606 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.49, for a total transaction of $522,644.94. Following the transaction, the senior vice president now directly owns 175,733 shares in the company, valued at $5,885,298.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 300,000 shares of Trinity Industries stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $32.81 per share, for a total transaction of $9,843,000.00. The disclosure for this purchase can be found here. Insiders have purchased 2,624,387 shares of company stock worth $86,077,631 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Several analysts have issued reports on the stock. Stifel Nicolaus set a $40.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a research report on Friday, February 9th. Vertical Group assumed coverage on shares of Trinity Industries in a research report on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price objective for the company. Vertical Research assumed coverage on shares of Trinity Industries in a research report on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price objective for the company. Wells Fargo raised shares of Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research report on Friday, February 16th. Finally, Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Saturday, February 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.75.

Shares of Trinity Industries stock opened at $31.73 on Friday. Trinity Industries Inc has a 1 year low of $25.01 and a 1 year high of $38.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47. The firm has a market cap of $4,829.34, a P/E ratio of 7.08, a PEG ratio of 2.43 and a beta of 2.03.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, February 21st. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The business had revenue of $906.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.44 earnings per share. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. research analysts expect that Trinity Industries Inc will post 1.32 EPS for the current fiscal year.

Trinity Industries declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 11.61%.

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About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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