American International Group Inc. increased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 294,412 shares of the company’s stock after buying an additional 2,292 shares during the period. American International Group Inc. owned about 0.19% of Trinity Industries worth $7,119,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MU Investments Co. Ltd. bought a new position in shares of Trinity Industries during the second quarter worth about $112,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Trinity Industries during the second quarter worth about $126,000. Advisor Group Inc. bought a new position in shares of Trinity Industries during the second quarter worth about $133,000. TCI Wealth Advisors Inc. boosted its position in shares of Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the company’s stock worth $133,000 after buying an additional 27 shares during the last quarter. Finally, Seven Bridges Advisors LLC bought a new position in shares of Trinity Industries during the third quarter worth about $138,000. Institutional investors and hedge funds own 76.06% of the company’s stock.
Trinity Industries, Inc. (NYSE:TRN) traded up 0.50% during mid-day trading on Wednesday, reaching $28.20. The company had a trading volume of 519,322 shares. The firm has a market capitalization of $4.29 billion, a PE ratio of 9.06 and a beta of 2.23. Trinity Industries, Inc. has a 52 week low of $14.94 and a 52 week high of $29.31. The stock’s 50-day moving average price is $28.06 and its 200 day moving average price is $24.21.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, October 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.11 billion for the quarter. Trinity Industries had a return on equity of 11.37% and a net margin of 9.46%. The firm’s revenue was down 27.9% compared to the same quarter last year. During the same period last year, the business posted $1.31 EPS. On average, equities research analysts predict that Trinity Industries, Inc. will post $2.18 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, January 11th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.01. Trinity Industries’s dividend payout ratio (DPR) is 14.15%.
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TRN has been the subject of a number of recent research reports. KeyCorp reiterated a “buy” rating and set a $28.00 price objective on shares of Trinity Industries in a research note on Monday, October 3rd. Stifel Nicolaus lifted their price objective on Trinity Industries from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, September 30th. Wells Fargo & Company reiterated a “hold” rating and set a $22.00 price objective on shares of Trinity Industries in a research note on Monday, September 19th. Zacks Investment Research upgraded Trinity Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 1st. Finally, Citigroup Inc. started coverage on Trinity Industries in a research note on Tuesday, December 20th. They issued a “neutral” rating and a $29.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.00.
In related news, major shareholder Valueact Capital Master Fund, bought 461,605 shares of the company’s stock in a transaction on Friday, November 4th. The shares were acquired at an average price of $21.17 per share, with a total value of $9,772,177.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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