Court Place Advisors LLC Sells 639 Shares of Trinity Industries, Inc. (NYSE:TRN)

Court Place Advisors LLC reduced its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,181 shares of the transportation company’s stock after selling 639 shares during the period. Court Place Advisors LLC’s holdings in Trinity Industries were worth $1,270,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Trinity Industries by 180.7% during the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock valued at $24,625,000 after purchasing an additional 529,857 shares during the last quarter. Algert Global LLC grew its stake in shares of Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company’s stock valued at $10,355,000 after buying an additional 165,105 shares during the last quarter. Barclays PLC increased its holdings in shares of Trinity Industries by 387.2% in the third quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock worth $6,254,000 after buying an additional 142,660 shares during the period. State Street Corp increased its holdings in shares of Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after buying an additional 73,183 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Trinity Industries by 357.3% in the 2nd quarter. Squarepoint Ops LLC now owns 73,688 shares of the transportation company’s stock valued at $2,205,000 after acquiring an additional 57,573 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRN has been the topic of several recent analyst reports. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Trinity Industries Stock Down 2.7 %

Shares of NYSE:TRN opened at $38.37 on Tuesday. The firm has a market capitalization of $3.15 billion, a P/E ratio of 18.72 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a 50 day moving average price of $36.90 and a 200-day moving average price of $34.80. Trinity Industries, Inc. has a 52-week low of $23.67 and a 52-week high of $39.83.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. As a group, equities research analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio is 58.54%.

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.