Raymond James & Associates lessened its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 479,380 shares of the transportation company's stock after selling 46,374 shares during the quarter. Raymond James & Associates owned about 0.59% of Trinity Industries worth $12,747,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ramirez Asset Management Inc. bought a new stake in shares of Trinity Industries in the third quarter worth about $32,000. Huntington National Bank increased its holdings in shares of Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company's stock worth $34,000 after acquiring an additional 528 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Trinity Industries in the fourth quarter worth about $35,000. Tower Research Capital LLC TRC increased its holdings in shares of Trinity Industries by 383.7% in the first quarter. Tower Research Capital LLC TRC now owns 2,109 shares of the transportation company's stock worth $51,000 after acquiring an additional 1,673 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Trinity Industries in the second quarter worth about $62,000. Institutional investors own 86.57% of the company's stock.
Trinity Industries Stock Down 1.3 %
NYSE TRN traded down $0.37 during trading hours on Thursday, hitting $27.20. 369,271 shares of the company traded hands, compared to its average volume of 484,033. The business's 50-day moving average is $26.08 and its 200-day moving average is $25.00. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $28.86. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.91. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 21.59 and a beta of 1.39.
Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.66 by $0.16. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The firm had revenue of $797.90 million during the quarter, compared to analysts' expectations of $749.25 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The business's quarterly revenue was up 35.0% compared to the same quarter last year. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.46 earnings per share for the current year.
Trinity Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $0.28 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.12%. Trinity Industries's payout ratio is 88.89%.
Insider Activity
In other news, CFO Eric R. Marchetto sold 9,781 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now directly owns 233,704 shares of the company's stock, valued at $6,543,712. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.
Wall Street Analyst Weigh In
Separately, Susquehanna reduced their price objective on Trinity Industries from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.00.
Get Our Latest Analysis on Trinity Industries
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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