Royce & Associates LP Lowers Position in Trinity Industries, Inc. (NYSE:TRN)

Key Points

• Royce & Associates LP reduced its stake in Trinity Industries by 3.5%, now owning approximately 0.49% of the company valued at $11.14 million after selling 14,410 shares.
• Trinity Industries reported earnings per share (EPS) of $0.29, missing analyst expectations of $0.33, with revenue down 27.7% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized yield of 4.56% with a payout ratio of 74.07%.

Royce & Associates LP reduced its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 397,021 shares of the transportation company's stock after selling 14,410 shares during the period. Royce & Associates LP owned approximately 0.49% of Trinity Industries worth $11,140,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRN. Stephens Inc. AR raised its stake in shares of Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after acquiring an additional 444 shares during the period. Xponance Inc. acquired a new position in Trinity Industries during the fourth quarter worth $208,000. Matrix Trust Co lifted its stake in Trinity Industries by 60.2% during the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after purchasing an additional 2,965 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Trinity Industries during the fourth quarter worth $225,000. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Trinity Industries in the fourth quarter valued at $230,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Stock Performance

Shares of TRN stock opened at $26.32 on Friday. The firm has a 50 day moving average of $26.63 and a two-hundred day moving average of $29.15. The stock has a market capitalization of $2.15 billion, a PE ratio of 16.25 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83.

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 net margin of 4.79% and a return on equity of 11.47%. The company had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. During the same quarter last year, the business posted $0.33 earnings per share. The company's revenue for the quarter was down 27.7% on a year-over-year basis. On average, research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.56%. Trinity Industries's payout ratio is 74.07%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRN. The Goldman Sachs Group decreased their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Susquehanna cut 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 note on Tuesday, April 22nd.

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.

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