Trinity Industries, Inc. $TRN Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Trinity Industries by 508.2%, acquiring a total of 380,753 shares valued at approximately $10.68 million.
• Multiple hedge funds, including Headlands Technologies LLC and Russell Investments Group Ltd., have significantly boosted their positions in Trinity Industries during the first quarter.
• Trinity Industries reported a loss of $0.12 per share in their recent earnings report, missing expectations, with revenues down 39.8% year-over-year.

Cubist Systematic Strategies LLC lifted its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 508.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 380,753 shares of the transportation company's stock after purchasing an additional 318,151 shares during the quarter. Cubist Systematic Strategies LLC owned 0.47% of Trinity Industries worth $10,684,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company's stock valued at $2,069,000 after purchasing an additional 457 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in shares of Trinity Industries by 31.8% in the 1st quarter. Graham Capital Management L.P. now owns 36,452 shares of the transportation company's stock valued at $1,023,000 after acquiring an additional 8,787 shares during the last quarter. State of Wyoming lifted its holdings in shares of Trinity Industries by 88.0% in the 1st quarter. State of Wyoming now owns 8,476 shares of the transportation company's stock valued at $238,000 after acquiring an additional 3,967 shares during the last quarter. Truvestments Capital LLC purchased a new position in Trinity Industries in the first quarter worth about $2,340,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Trinity Industries during the first quarter worth approximately $2,088,000. Institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRN shares. Susquehanna lowered 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 raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Trinity Industries presently has a consensus rating of "Hold" and an average price target of $27.50.

Trinity Industries Stock Down 0.0%

Trinity Industries stock traded down $0.01 during midday trading on Friday, hitting $28.59. 408,059 shares of the company's stock were exchanged, compared to its average volume of 619,950. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The company has a market cap of $2.31 billion, a PE ratio of 25.07 and a beta of 1.53. The firm has a 50-day moving average of $27.40 and a two-hundred day moving average of $27.21. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced 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). The business had revenue of $506.20 million during the quarter, compared to analysts' expectations of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.Trinity Industries's revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. Trinity Industries's dividend payout ratio (DPR) is presently 105.26%.

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.