Graham Capital Management L.P. Lowers Position in Trinity Industries, Inc. (NYSE:TRN)

Graham Capital Management L.P. trimmed its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 55.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,665 shares of the transportation company's stock after selling 34,980 shares during the quarter. Graham Capital Management L.P.'s holdings in Trinity Industries were worth $971,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Focus Partners Wealth boosted its holdings in shares of Trinity Industries by 45.0% in the 4th quarter. Focus Partners Wealth now owns 8,365 shares of the transportation company's stock worth $296,000 after purchasing an additional 2,595 shares during the period. Encompass Capital Advisors LLC raised its stake in shares of Trinity Industries by 16.7% in the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after acquiring an additional 285,237 shares during the period. Ethic Inc. purchased a new stake in shares of Trinity Industries in the fourth quarter valued at $300,000. Deutsche Bank AG raised its stake in shares of Trinity Industries by 197.2% in the fourth quarter. Deutsche Bank AG now owns 147,450 shares of the transportation company's stock valued at $5,175,000 after acquiring an additional 97,843 shares during the period. Finally, Centiva Capital LP raised its stake in shares of Trinity Industries by 12.7% in the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after acquiring an additional 1,142 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRN shares. The Goldman Sachs Group reduced their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Susquehanna dropped their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Trinity Industries Trading Down 0.2%

TRN stock traded down $0.07 during midday trading on Friday, reaching $26.89. The company's stock had a trading volume of 435,735 shares, compared to its average volume of 571,974. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The stock has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $32.57. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.39 and a beta of 1.47.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. Trinity Industries's quarterly revenue was down 27.7% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.46%. Trinity Industries's payout ratio is currently 74.07%.

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.