Royce & Associates LP Sells 14,410 Shares of 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 decreased its position in shares of 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 SEC. The institutional investor owned 397,021 shares of the transportation company's stock after selling 14,410 shares during the quarter. Royce & Associates LP owned approximately 0.49% of Trinity Industries worth $11,140,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Trinity Industries by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock valued at $354,496,000 after purchasing an additional 126,139 shares during the period. Capital International Investors raised its stake in Trinity Industries by 1.1% during the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock worth $191,388,000 after buying an additional 61,901 shares during the period. Jennison Associates LLC raised its stake in Trinity Industries by 2.0% during the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock worth $102,739,000 after buying an additional 73,160 shares during the period. Encompass Capital Advisors LLC raised its stake in Trinity Industries by 16.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after buying an additional 285,237 shares during the period. Finally, Northern Trust Corp raised its stake in Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after buying an additional 295,054 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group dropped their price objective 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 dropped their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday.

Trinity Industries Stock Down 3.5%

Shares of TRN traded down $0.92 during midday trading on Tuesday, hitting $25.38. The stock had a trading volume of 263,161 shares, compared to its average volume of 584,446. The company has a 50 day simple moving average of $26.63 and a two-hundred day simple moving average of $29.01. Trinity Industries, Inc. has a twelve month low of $23.01 and a twelve month high of $39.83. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 15.66 and a beta of 1.45. 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 results 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). Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The firm had revenue of $585.40 million during the quarter, compared to analyst estimates of $614.02 million. During the same period in the prior year, the business earned $0.33 EPS. The business's revenue for the quarter was down 27.7% compared to the same quarter last year. On average, analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's payout ratio is 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.