Public Sector Pension Investment Board Purchases 55,797 Shares of Trinity Industries, Inc. (NYSE:TRN)

Key Points

• The Public Sector Pension Investment Board increased its stake in Trinity Industries by 27.3%, purchasing an additional 55,797 shares to own a total of 260,524 shares worth approximately $7.31 million.
• Trinity Industries reported a significant earnings miss for its latest quarter, with earnings per share of $0.19 compared to the consensus estimate of $0.31, and a revenue decline of 39.8% year-over-year.
• Shares of Trinity Industries traded down 2.1% on Friday, closing at $27.42, while institutional investors own 86.57% of the stock, indicating strong institutional interest.

Public Sector Pension Investment Board lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 27.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,524 shares of the transportation company's stock after purchasing an additional 55,797 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Trinity Industries worth $7,310,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC raised its position in shares of Trinity Industries by 3,418.2% during the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock worth $43,000 after purchasing an additional 1,504 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Trinity Industries during the fourth quarter worth $225,000. Farringdon Capital Ltd. bought a new stake in Trinity Industries during the fourth quarter worth $230,000. Wealth Enhancement Advisory Services LLC bought a new stake in Trinity Industries during the fourth quarter worth $241,000. Finally, Stephens Inc. AR grew its holdings in Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after buying an additional 444 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Trading Down 2.1%

Shares of TRN stock traded down $0.59 during trading hours on Friday, reaching $27.42. The company's stock had a trading volume of 497,005 shares, compared to its average volume of 918,095. The stock has a market capitalization of $2.22 billion, a P/E ratio of 24.05 and a beta of 1.49. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83. The firm's fifty day simple moving average is $26.84 and its 200 day simple moving average is $27.95. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66.

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 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 firm had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The company's revenue for the quarter was down 39.8% compared to the same quarter last year. Equities research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on TRN shares. Susquehanna reduced their price objective 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. Wall Street Zen downgraded Trinity Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd.

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.