Virginia Retirement Systems ET AL continued to hold its stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,800 shares of the transportation company’s stock at the end of the second quarter. Virginia Retirement Systems ET AL’s holdings in Trinity Industries were worth $303,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Suntrust Banks Inc. increased its stake in Trinity Industries by 0.3% during the first quarter. Suntrust Banks Inc. now owns 34,859 shares of the transportation company’s stock valued at $924,000 after acquiring an additional 93 shares during the period. World Asset Management Inc increased its stake in Trinity Industries by 1.3% during the first quarter. World Asset Management Inc now owns 10,820 shares of the transportation company’s stock valued at $287,000 after acquiring an additional 134 shares during the period. CENTRAL TRUST Co increased its stake in Trinity Industries by 1.3% during the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after acquiring an additional 161 shares during the period. Alpha Windward LLC increased its stake in Trinity Industries by 2.2% during the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 360 shares during the period. Finally, Stephens Inc. AR increased its stake in Trinity Industries by 4.5% during the first quarter. Stephens Inc. AR now owns 9,404 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Shares of Trinity Industries, Inc. (TRN) opened at 28.74 on Monday. Trinity Industries, Inc. has a 1-year low of $20.80 and a 1-year high of $30.13. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 17.66 and a beta of 2.18. The stock has a 50 day moving average price of $28.37 and a 200 day moving average price of $27.17.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Analysts forecast that Trinity Industries, Inc. will post $1.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.81%. Trinity Industries’s dividend payout ratio (DPR) is 32.10%.
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In other news, major shareholder Valueact Capital Master Fund, acquired 248,941 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average cost of $28.65 per share, with a total value of $7,132,159.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings L.P. Valueact acquired 167,395 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $27.51 per share, for a total transaction of $4,605,036.45. The disclosure for this purchase can be found here. Insiders purchased 1,655,569 shares of company stock worth $46,759,738 over the last three months. 2.00% of the stock is currently owned by insiders.
TRN has been the topic of several research reports. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and boosted their price target for the company from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Buckingham Research assumed coverage on Trinity Industries in a research note on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price objective on the stock. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Hold” and a consensus price target of $26.89.
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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