Encompass Capital Advisors LLC Has $21.86 Million Stock Position in Trinity Industries, Inc. $TRN

Key Points

• Encompass Capital Advisors LLC significantly reduced its stake in Trinity Industries by 60.9%, now owning 779,039 shares valued at approximately $21.86 million after selling over 1.2 million shares.
• Trinity Industries' quarterly earnings report revealed an EPS of $0.19, missing estimates by $0.12, with revenue down 39.8% year-over-year.
• Research analysts have a consensus rating of "Hold" for Trinity Industries, with a revised price target of $24.00 by Susquehanna.

Encompass Capital Advisors LLC trimmed its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 60.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 779,039 shares of the transportation company's stock after selling 1,213,242 shares during the quarter. Encompass Capital Advisors LLC owned approximately 0.95% of Trinity Industries worth $21,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Stephens Inc. AR grew its stake in shares of Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after purchasing an additional 444 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Trinity Industries by 0.6% in the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company's stock worth $2,069,000 after purchasing an additional 457 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake 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 purchasing an additional 462 shares in the last quarter. Centiva Capital LP grew its stake in shares of Trinity Industries by 12.7% in the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock worth $355,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Trinity Industries by 8.2% in the first quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company's stock worth $443,000 after purchasing an additional 1,191 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRN. Wall Street Zen raised Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. 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. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.50.

Trinity Industries Trading Down 1.0%

Shares of NYSE TRN traded down $0.29 during mid-day trading on Monday, hitting $28.29. 422,777 shares of the company traded hands, compared to its average volume of 618,790. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 24.81 and a beta of 1.52. 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 business has a 50 day moving average of $27.44 and a two-hundred day moving average of $27.09.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its 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 net margin of 3.83% and a return on equity of 8.49%. The company had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. During the same period in the prior year, the company earned $0.66 earnings per share. The company's revenue for the quarter was down 39.8% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Trinity Industries's payout ratio is presently 105.26%.

Trinity Industries 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.