Cubist Systematic Strategies LLC Sells 86,833 Shares of Trinity Industries, Inc. (NYSE:TRN)

Cubist Systematic Strategies LLC lowered its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 58.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,602 shares of the transportation company's stock after selling 86,833 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.08% of Trinity Industries worth $2,197,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Centiva Capital LP lifted its holdings in shares of Trinity Industries by 12.7% during the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock worth $355,000 after buying an additional 1,142 shares during the last quarter. AXA S.A. lifted its holdings in shares of Trinity Industries by 119.8% during the fourth quarter. AXA S.A. now owns 126,152 shares of the transportation company's stock worth $4,428,000 after buying an additional 68,752 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinity Industries during the fourth quarter worth approximately $225,000. Northern Trust Corp lifted its holdings in shares of Trinity Industries by 33.6% during the fourth quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after buying an additional 295,054 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Trinity Industries by 134.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 125,453 shares of the transportation company's stock worth $4,403,000 after buying an additional 72,013 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Performance

Shares of NYSE TRN traded down $0.07 during trading hours on Friday, reaching $26.89. The stock had a trading volume of 435,735 shares, compared to its average volume of 573,336. The business's fifty day moving average is $26.54 and its two-hundred day moving average is $32.55. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 16.39 and a beta of 1.47. Trinity Industries, Inc. has a twelve month low of $23.01 and a twelve month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $585.40 million during the quarter, compared to analyst estimates of $614.02 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business's revenue for the quarter was down 27.7% compared to the same quarter last year. As a group, research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.46%. Trinity Industries's payout ratio is 74.07%.

Insider Buying and Selling

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

TRN has been the subject of a number of research analyst reports. Susquehanna cut their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group cut their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

Trinity Industries Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.