GSA Capital Partners LLP Takes $1.60 Million Position in 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 Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR increased its stake in Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after purchasing an additional 444 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Trinity Industries by 1.1% in the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock worth $1,239,000 after buying an additional 462 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Trinity Industries by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after buying an additional 543 shares during the period. Centiva Capital LP boosted its holdings in Trinity Industries by 12.7% in the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Trinity Industries by 8.2% in the first quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company's stock valued at $443,000 after purchasing an additional 1,191 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 3.6%

Shares of TRN traded up $0.83 during mid-day trading on Friday, reaching $24.13. The company's stock had a trading volume of 1,308,450 shares, compared to its average volume of 655,709. The business has a fifty day moving average of $26.52 and a 200 day moving average of $28.71. 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 1 year low of $22.38 and a 1 year high of $39.83. The company has a quick ratio of 0.87, a current ratio of 1.96 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%. The firm had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. Trinity Industries's revenue was down 39.8% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is 74.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen cut Trinity Industries from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Susquehanna decreased their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th.

Trinity Industries Company 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.