Caxton Associates LLP Acquires New Stake in Trinity Industries, Inc. $TRN

Key Points

• Caxton Associates LLP has acquired a new stake in Trinity Industries, purchasing 12,775 shares valued at approximately $358,000 in the first quarter of 2023.
• Trinity Industries reported earnings per share (EPS) of $0.19 for the latest quarter, missing the expected $0.31, and experienced a 39.8% year-over-year revenue decline.
• The company has announced a quarterly dividend of $0.30, with a dividend yield of 4.3%, but its payout ratio currently exceeds 100%.

Caxton Associates LLP bought a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,775 shares of the transportation company's stock, valued at approximately $358,000.

A number of other institutional investors also recently added to or reduced their stakes in TRN. Jennison Associates LLC increased its holdings in shares of Trinity Industries by 2.0% in the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock valued at $102,739,000 after acquiring an additional 73,160 shares during the last quarter. American Century Companies Inc. increased its stake in Trinity Industries by 15.9% in the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock valued at $71,116,000 after purchasing an additional 347,051 shares during the last quarter. Invesco Ltd. raised its holdings in Trinity Industries by 48.5% during the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock worth $35,954,000 after purchasing an additional 418,371 shares in the last quarter. Northern Trust Corp lifted its position in shares of Trinity Industries by 2.6% during the 1st quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company's stock worth $33,745,000 after buying an additional 30,572 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Trinity Industries by 14.8% in the 4th quarter. Nuveen Asset Management LLC now owns 819,337 shares of the transportation company's stock valued at $28,759,000 after buying an additional 105,374 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Susquehanna reduced their target price on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Wall Street Zen upgraded Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.50.

Trinity Industries Trading Up 0.7%

Shares of NYSE:TRN traded up $0.19 during midday trading on Monday, reaching $28.34. The company's stock had a trading volume of 366,383 shares, compared to its average volume of 462,627. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83. The business has a 50 day moving average price of $27.43 and a 200 day moving average price of $26.98. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 24.86 and a beta of 1.52.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 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 analyst estimates of $589.96 million. The business's revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, October 15th. Trinity Industries's payout ratio is 105.26%.

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.