GSA Capital Partners LLP Buys Shares of 57,114 Trinity Industries, Inc. (NYSE:TRN)

Key Points

• GSA Capital Partners LLP acquired 57,114 shares of Trinity Industries, Inc. valued at approximately $1.6 million, indicating a growing interest from institutional investors in the transportation company.
• Analysts have lowered their price targets for Trinity Industries, with Goldman Sachs setting a new target of $31.00 and Susquehanna at $24.00, both maintaining a "neutral" rating.
• Trinity Industries announced a quarterly dividend of $0.30 per share, representing a yield of 4.75%, while its dividend payout ratio stands at 74.07%.

GSA Capital Partners LLP bought a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,114 shares of the transportation company's stock, valued at approximately $1,603,000. GSA Capital Partners LLP owned about 0.07% of Trinity Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TRN. Stephens Inc. AR grew its position in Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after buying an additional 444 shares during the period. Matrix Trust Co raised its stake in shares of Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after acquiring an additional 2,965 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinity Industries in the fourth quarter valued at approximately $225,000. Farringdon Capital Ltd. acquired a new position in shares of Trinity Industries in the fourth quarter valued at approximately $230,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Trinity Industries during the 4th quarter worth approximately $241,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Up 3.6%

TRN traded up $0.83 during trading hours on Friday, reaching $24.13. 1,308,450 shares of the stock traded hands, compared to its average volume of 655,709. The firm's fifty day simple moving average is $26.52 and its two-hundred day simple moving average is $28.78. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 21.17 and a beta of 1.49. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 0.87.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The business had revenue of $506.20 million during the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%. The business's revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. As a group, analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 5.0%. Trinity Industries's dividend payout ratio is presently 74.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRN. The Goldman Sachs Group lowered 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. Susquehanna lowered their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday.

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.