Cubist Systematic Strategies LLC Raises Stake in Trinity Industries, Inc. $TRN

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 grew its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 508.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,753 shares of the transportation company's stock after purchasing an additional 318,151 shares during the period. Cubist Systematic Strategies LLC owned about 0.47% of Trinity Industries worth $10,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jennison Associates LLC increased its stake in Trinity Industries by 2.0% during the first quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock worth $102,739,000 after purchasing an additional 73,160 shares during the period. American Century Companies Inc. increased its stake in Trinity Industries by 15.9% during the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock worth $71,116,000 after purchasing an additional 347,051 shares during the period. Encompass Capital Advisors LLC increased its stake in Trinity Industries by 16.7% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after purchasing an additional 285,237 shares during the period. Invesco Ltd. raised its holdings in Trinity Industries by 48.5% in the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock valued at $35,954,000 after acquiring an additional 418,371 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Trinity Industries by 2.6% in the first quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company's stock valued at $33,745,000 after acquiring an additional 30,572 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Susquehanna reduced their target price on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.50.

Trinity Industries Stock Down 0.0%

TRN stock traded down $0.01 during trading on Friday, hitting $28.59. 408,059 shares of the company's stock were exchanged, compared to its average volume of 564,909. The business has a 50-day moving average price of $27.44 and a two-hundred day moving average price of $27.09. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 25.07 and a beta of 1.52. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week high of $39.83. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its 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 for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 annualized dividend and a yield of 4.2%. Trinity Industries's payout ratio is 105.26%.

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.