GAMMA Investing LLC raised its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1,303.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,818 shares of the transportation company's stock after buying an additional 16,548 shares during the quarter. GAMMA Investing LLC's holdings in Trinity Industries were worth $500,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries in the 4th quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its position in Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after acquiring an additional 713 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Trinity Industries in the fourth quarter valued at $54,000. Jones Financial Companies Lllp boosted its position in shares of Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after purchasing an additional 398 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Trinity Industries during the 4th quarter worth $208,000. Hedge funds and other institutional investors own 86.57% of the company's stock.
Trinity Industries Price Performance
Trinity Industries stock traded down $0.44 during trading hours on Friday, hitting $25.80. The stock had a trading volume of 1,168,479 shares, compared to its average volume of 568,322. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 15.92 and a beta of 1.46. The stock's fifty day moving average is $25.64 and its two-hundred day moving average is $30.70. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.70 and a quick ratio of 0.87.
Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. Trinity Industries's quarterly revenue was down 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.
Trinity Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.65%. Trinity Industries's dividend payout ratio is presently 74.07%.
Wall Street Analyst Weigh In
Several analysts recently commented on TRN shares. The Goldman Sachs Group reduced their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Susquehanna reduced their price target on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.
Read Our Latest Analysis on Trinity Industries
Trinity Industries Profile
(
Free Report)
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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