Harris Associates L P reduced its position in shares of Trinity Industries Inc (NYSE:TRN) by 47.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 365,083 shares of the transportation company’s stock after selling 331,435 shares during the period. Harris Associates L P’s holdings in Trinity Industries were worth $7,517,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Trinity Industries by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,744 shares of the transportation company’s stock worth $262,000 after buying an additional 427 shares during the period. Ffcm LLC boosted its holdings in Trinity Industries by 0.8% in the 4th quarter. Ffcm LLC now owns 53,058 shares of the transportation company’s stock valued at $1,092,000 after purchasing an additional 443 shares during the period. OLD National Bancorp IN boosted its holdings in Trinity Industries by 4.4% in the 4th quarter. OLD National Bancorp IN now owns 11,299 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 474 shares during the period. Ramsey Quantitative Systems boosted its holdings in Trinity Industries by 6.7% in the 4th quarter. Ramsey Quantitative Systems now owns 10,214 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 645 shares during the period. Finally, Strs Ohio boosted its holdings in Trinity Industries by 5.1% in the 4th quarter. Strs Ohio now owns 13,400 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 648 shares during the period. 88.92% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Trinity Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 28th. Mizuho reissued a “buy” rating and issued a $32.00 price target on shares of Trinity Industries in a report on Tuesday, February 26th. Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Trinity Industries in a report on Wednesday, February 20th. ValuEngine downgraded shares of Trinity Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Vertical Group downgraded shares of Trinity Industries from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a report on Tuesday, December 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.88.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, February 20th. The transportation company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $735.00 million during the quarter, compared to the consensus estimate of $670.90 million. Trinity Industries had a net margin of 4.63% and a return on equity of 5.26%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. On average, equities research analysts expect that Trinity Industries Inc will post 1.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 65.00%.
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Trinity Industries Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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