Millennium Management LLC cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 70.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,642 shares of the transportation company's stock after selling 357,641 shares during the period. Millennium Management LLC owned about 0.18% of Trinity Industries worth $5,217,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Arizona State Retirement System lifted its stake in Trinity Industries by 1.5% during the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock valued at $840,000 after acquiring an additional 364 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after acquiring an additional 398 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Trinity Industries by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock valued at $300,000 after acquiring an additional 543 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after acquiring an additional 713 shares in the last quarter. Finally, Everstar Asset Management LLC lifted its stake in Trinity Industries by 6.2% during the 4th quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock valued at $491,000 after acquiring an additional 813 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Susquehanna dropped their price objective on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. 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.
View Our Latest Stock Analysis on TRN
Trinity Industries Stock Performance
Shares of NYSE TRN traded down $0.32 during mid-day trading on Monday, reaching $25.42. 311,336 shares of the company's stock were exchanged, compared to its average volume of 568,161. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.50 and a beta of 1.47. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The firm has a 50-day moving average price of $25.76 and a two-hundred day moving average price of $31.73.
Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $585.40 million for the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company's revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.
Trinity Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Tuesday, July 15th. Trinity Industries's payout ratio is 74.07%.
About Trinity Industries
(
Free Report)
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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