Cubist Systematic Strategies LLC Has $2.20 Million Stock Position in Trinity Industries, Inc. (NYSE:TRN)

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

A number of other hedge funds have also recently bought and sold shares of TRN. Wellington Shields Capital Management LLC bought a new position in shares of Trinity Industries in the fourth quarter valued at $35,000. Millstone Evans Group LLC bought a new position in Trinity Industries during the fourth quarter worth about $54,000. Smartleaf Asset Management LLC raised its stake in Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after buying an additional 713 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after buying an additional 398 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock valued at $139,000 after buying an additional 1,649 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $24.98 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The business's 50 day moving average is $26.83 and its 200-day moving average is $32.84. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83. The firm has a market cap of $2.04 billion, a P/E ratio of 15.23 and a beta of 1.47.

Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. During the same period last 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. Equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Tuesday, April 15th. Trinity Industries's dividend payout ratio is currently 74.07%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRN. Susquehanna reduced their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th.

About Trinity Industries

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.

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