Public Employees Retirement System of Ohio Decreases Stake in Trinity Industries, Inc. (NYSE:TRN)

Public Employees Retirement System of Ohio lowered its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 93.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,078 shares of the transportation company's stock after selling 27,627 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Trinity Industries were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wellington Shields Capital Management LLC acquired a new stake in Trinity Industries during the fourth quarter valued at $35,000. Smartleaf Asset Management LLC grew its position in Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after buying an additional 713 shares during the period. Millstone Evans Group LLC acquired a new stake in Trinity Industries during the fourth quarter valued at $54,000. Jones Financial Companies Lllp grew its position in Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after buying an additional 398 shares during the period. Finally, KBC Group NV grew its position in Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock valued at $139,000 after buying an additional 1,649 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Price Performance

TRN traded up $0.19 during midday trading on Tuesday, hitting $26.53. 372,124 shares of the company traded hands, compared to its average volume of 564,060. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.17 and a beta of 1.46. Trinity Industries, Inc. has a 52-week low of $23.01 and a 52-week high of $39.83. The business has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $31.29.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business's revenue for the quarter was down 27.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's payout ratio is 74.07%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRN. The Goldman Sachs Group dropped their price target on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Susquehanna dropped their price target on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

About Trinity Industries

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.