Concurrent Investment Advisors LLC Acquires Shares of 30,232 Trinity Industries, Inc. $TRN

Key Points

• Concurrent Investment Advisors LLC acquired 30,232 shares of Trinity Industries, valued at approximately $817,000, marking a significant addition to their investment portfolio in the 2nd quarter.
• Trinity Industries reported a quarterly loss with earnings per share (EPS) of $0.19, missing analysts' expectations by $0.12, and its revenue declined by 39.8% year-over-year.
• The company declared a quarterly dividend of $0.30 per share, representing an annualized yield of 4.3%, although its dividend payout ratio is currently >100%.

Concurrent Investment Advisors LLC bought a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,232 shares of the transportation company's stock, valued at approximately $817,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Trinity Industries by 1,303.0% during the first quarter. GAMMA Investing LLC now owns 17,818 shares of the transportation company's stock worth $500,000 after purchasing an additional 16,548 shares in the last quarter. SG Americas Securities LLC acquired a new position in Trinity Industries during the 1st quarter worth approximately $404,000. Fifth Third Bancorp increased its position in Trinity Industries by 3,212.1% during the 1st quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock worth $337,000 after purchasing an additional 11,660 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Trinity Industries by 1,142.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock worth $2,391,000 after buying an additional 78,341 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Trinity Industries by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock valued at $1,239,000 after buying an additional 462 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Down 0.4%

Trinity Industries stock opened at $28.07 on Friday. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 24.62 and a beta of 1.52. The stock's fifty day moving average is $28.10 and its two-hundred day moving average is $26.79. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $506.20 million for 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 company's quarterly revenue was down 39.8% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.30 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. Trinity Industries's dividend payout ratio is currently 105.26%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna dropped their price objective on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Trinity Industries in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.50.

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.

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