TCI Wealth Advisors Inc. increased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,505 shares of the company’s stock after buying an additional 27 shares during the period. TCI Wealth Advisors Inc.’s holdings in Trinity Industries were worth $133,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ValueAct Holdings L.P. bought a new position in shares of Trinity Industries during the second quarter worth $111,420,000. D.C. Capital Advisors Ltd raised its position in shares of Trinity Industries by 1,900.0% in the second quarter. D.C. Capital Advisors Ltd now owns 5,000,000 shares of the company’s stock worth $9,285,000 after buying an additional 4,750,000 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Trinity Industries by 362.6% in the second quarter. SG Americas Securities LLC now owns 817,560 shares of the company’s stock worth $15,182,000 after buying an additional 640,814 shares in the last quarter. Strs Ohio raised its position in shares of Trinity Industries by 50.0% in the third quarter. Strs Ohio now owns 1,650,000 shares of the company’s stock worth $39,897,000 after buying an additional 550,000 shares in the last quarter. Finally, Monarch Partners Asset Management LLC raised its position in shares of Trinity Industries by 179.5% in the third quarter. Monarch Partners Asset Management LLC now owns 727,464 shares of the company’s stock worth $17,590,000 after buying an additional 467,154 shares in the last quarter. 75.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trinity Industries, Inc. (NYSE:TRN) opened at 28.53 on Wednesday. The company has a 50-day moving average of $28.22 and a 200 day moving average of $24.83. The firm has a market cap of $4.34 billion, a P/E ratio of 9.16 and a beta of 2.23. Trinity Industries, Inc. has a 12-month low of $14.94 and a 12-month high of $29.31.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, October 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. Trinity Industries had a net margin of 9.46% and a return on equity of 11.37%. The company had revenue of $1.11 billion for the quarter. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s quarterly revenue was down 27.9% compared to the same quarter last year. Equities research analysts anticipate that Trinity Industries, Inc. will post $2.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be given a dividend of $0.11 per share. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.01. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, January 11th. Trinity Industries’s dividend payout ratio is presently 14.15%.
A number of research analysts recently weighed in on TRN shares. KeyCorp reaffirmed a “buy” rating and issued a $28.00 price target on shares of Trinity Industries in a research note on Monday, October 3rd. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research note on Tuesday, December 27th. Zacks Investment Research lowered shares of Trinity Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. started coverage on shares of Trinity Industries in a research note on Friday, September 30th. They issued an “underperform” rating and a $26.00 target price on the stock. Finally, Citigroup Inc. started coverage on shares of Trinity Industries in a research note on Tuesday, December 20th. They issued a “neutral” rating and a $29.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.30.
In related news, major shareholder Valueact Capital Master Fund, bought 461,605 shares of the stock in a transaction on Friday, November 4th. The shares were bought at an average cost of $21.17 per share, for a total transaction of $9,772,177.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.
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.
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