Louisiana State Employees Retirement System cut its holdings in Trinity Industries Inc (NYSE:TRN) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,400 shares of the transportation company’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Trinity Industries were worth $1,438,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in TRN. Schwab Charles Investment Management Inc. raised its stake in Trinity Industries by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 542,130 shares of the transportation company’s stock valued at $15,196,000 after buying an additional 19,121 shares during the last quarter. Prudential Financial Inc. raised its stake in Trinity Industries by 0.7% in the second quarter. Prudential Financial Inc. now owns 94,478 shares of the transportation company’s stock valued at $2,648,000 after buying an additional 660 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Trinity Industries in the second quarter valued at about $1,011,000. Stephens Inc. AR raised its stake in Trinity Industries by 3.0% in the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after buying an additional 279 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in Trinity Industries by 0.8% in the second quarter. Nationwide Fund Advisors now owns 281,343 shares of the transportation company’s stock valued at $7,886,000 after buying an additional 2,308 shares during the last quarter. Institutional investors own 82.38% of the company’s stock.
A number of equities research analysts have commented on the company. Cowen increased their price target on Trinity Industries from $31.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 price target (up from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Seaport Global Securities assumed coverage on Trinity Industries in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Citigroup upgraded Trinity Industries from a “neutral” rating to a “buy” rating and decreased their price target for the company from $45.00 to $36.00 in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Trinity Industries currently has an average rating of “Buy” and an average target price of $36.25.
Trinity Industries Inc (TRN) opened at $36.66 on Friday. Trinity Industries Inc has a 12 month low of $25.01 and a 12 month high of $38.25. The stock has a market capitalization of $5,479.39, a PE ratio of 24.44, a PEG ratio of 2.66 and a beta of 2.27. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same period last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. research analysts anticipate that Trinity Industries Inc will post 1.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, January 11th. Trinity Industries’s payout ratio is 34.67%.
Trinity Industries announced that its board has approved a stock repurchase program on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Trinity Industries Profile
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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