Public Employees Retirement System of Ohio Sells 27,627 Shares of Trinity Industries, Inc. (NYSE:TRN)

Public Employees Retirement System of Ohio lessened its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 93.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRN. Wellington Shields Capital Management LLC purchased a new position in Trinity Industries during the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC grew its position in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after buying an additional 713 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Trinity Industries in the 4th quarter worth approximately $54,000. Jones Financial Companies Lllp grew its position in shares of Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after buying an additional 398 shares during the last quarter. Finally, KBC Group NV grew its position in Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock worth $139,000 after purchasing an additional 1,649 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRN. Susquehanna dropped their target price 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. The Goldman Sachs Group decreased their target price 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.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $26.13 on Friday. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83. The firm has a market cap of $2.13 billion, a PE ratio of 15.93 and a beta of 1.47. The firm has a fifty day moving average of $25.55 and a 200 day moving average of $31.48. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80.

Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. During the same period in the previous year, the company earned $0.33 EPS. Trinity Industries's quarterly revenue was down 27.7% compared to the same quarter last year. As a group, research 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 Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.59%. Trinity Industries's dividend payout ratio is presently 74.07%.

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.

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