TCTC Holdings LLC Has $14.35 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

Key Points

• TCTC Holdings LLC reduced its stake in Trinity Industries by 2.1%, leaving them with 511,398 shares, valued at approximately $14.35 million.
• Trinity Industries reported $0.29 EPS in its latest quarterly earnings, missing estimates of $0.33 EPS, with revenue down 27.7% year-over-year.
• The firm announced a quarterly dividend of $0.30, translating to an annualized yield of 4.56%, with a dividend payout ratio of 74.07%.

TCTC Holdings LLC reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 511,398 shares of the transportation company's stock after selling 11,011 shares during the period. TCTC Holdings LLC owned about 0.63% of Trinity Industries worth $14,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRN. KLP Kapitalforvaltning AS bought a new stake in shares of Trinity Industries during the fourth quarter worth about $583,000. Vanguard Group Inc. boosted its holdings in Trinity Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock valued at $354,496,000 after acquiring an additional 126,139 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Trinity Industries by 59.6% in the fourth quarter. Prudential Financial Inc. now owns 154,868 shares of the transportation company's stock valued at $5,436,000 after acquiring an additional 57,842 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Trinity Industries by 55.8% in the fourth quarter. JPMorgan Chase & Co. now owns 353,189 shares of the transportation company's stock valued at $12,397,000 after acquiring an additional 126,536 shares during the last quarter. Finally, Norges Bank bought a new stake in Trinity Industries in the fourth quarter valued at approximately $2,441,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Trading Up 3.2%

TRN traded up $0.74 during trading on Friday, hitting $24.04. The company's stock had a trading volume of 649,639 shares, compared to its average volume of 598,667. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32. The stock's fifty day moving average price is $26.59 and its 200-day moving average price is $28.96. The firm has a market capitalization of $1.96 billion, a P/E ratio of 14.84 and a beta of 1.45.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The business had revenue of $506.20 million during the quarter, compared to analyst estimates of $589.96 million. During the same period last year, the firm posted $0.66 earnings per share. Trinity Industries's quarterly revenue was down 39.8% compared to the same quarter last year. Analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 5.0%. Trinity Industries's payout ratio is 74.07%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Susquehanna reduced their target price on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday. The Goldman Sachs Group reduced their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th.

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.