Teachers Advisors LLC lifted its stake in shares of Trinity Industries Inc (NYSE:TRN) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,044 shares of the transportation company’s stock after purchasing an additional 2,348 shares during the quarter. Teachers Advisors LLC owned about 0.12% of Trinity Industries worth $6,595,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Trinity Industries by 7.3% during the fourth quarter. Raymond James & Associates now owns 372,430 shares of the transportation company’s stock worth $13,951,000 after purchasing an additional 25,308 shares during the last quarter. Luminus Management LLC purchased a new stake in shares of Trinity Industries during the fourth quarter worth approximately $5,597,000. California State Teachers Retirement System raised its position in Trinity Industries by 0.7% in the fourth quarter. California State Teachers Retirement System now owns 259,651 shares of the transportation company’s stock worth $9,727,000 after acquiring an additional 1,743 shares in the last quarter. Two Sigma Advisers LP raised its position in Trinity Industries by 6.3% in the fourth quarter. Two Sigma Advisers LP now owns 148,765 shares of the transportation company’s stock worth $5,573,000 after acquiring an additional 8,800 shares in the last quarter. Finally, HPM Partners LLC raised its position in Trinity Industries by 4.1% in the fourth quarter. HPM Partners LLC now owns 108,668 shares of the transportation company’s stock worth $4,071,000 after acquiring an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
Trinity Industries stock opened at $31.65 on Friday. The company has a current ratio of 3.47, a quick ratio of 2.43 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4,939.44, a price-to-earnings ratio of 20.82, a PEG ratio of 2.49 and a beta of 2.00. Trinity Industries Inc has a fifty-two week low of $25.05 and a fifty-two week high of $38.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be issued a $0.13 dividend. 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 34.21%.
Trinity Industries announced that its board has approved a share repurchase plan on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several research analysts have issued reports on TRN shares. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, January 2nd. Cowen increased their price objective on Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Seaport Global Securities started coverage on Trinity Industries in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Wells Fargo upgraded Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a research report on Friday, February 16th. Finally, ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.75.
In other news, major shareholder Valueact Capital Master Fund, bought 447,505 shares of the stock in a transaction on Thursday, March 22nd. The shares were bought at an average price of $32.63 per share, with a total value of $14,602,088.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Valueact acquired 300,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average cost of $32.81 per share, for a total transaction of $9,843,000.00. The disclosure for this purchase can be found here. Insiders acquired 2,624,387 shares of company stock worth $86,077,631 in the last three months. 2.00% of the stock is owned by corporate insiders.
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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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