Cambridge Investment Research Advisors Inc. decreased its position in Trinity Industries, Inc. (NYSE:TRN) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,751 shares of the transportation company’s stock after selling 1,899 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Trinity Industries were worth $666,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. First Mercantile Trust Co. bought a new stake in Trinity Industries during the first quarter worth $139,000. Invictus RG lifted its stake in shares of Trinity Industries by 466.4% in the 1st quarter. Invictus RG now owns 6,406 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 5,275 shares during the last quarter. Fisher Asset Management LLC bought a new position in Trinity Industries during the 2nd quarter worth $205,000. Quantitative Systematic Strategies LLC bought a new position in Trinity Industries during the 2nd quarter worth $208,000. Finally, Bridges Investment Counsel Inc. bought a new position in Trinity Industries during the 2nd quarter worth $210,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.
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In other news, major shareholder Holdings L.P. Valueact acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $27.38 per share, for a total transaction of $2,738,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 202,500 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $28.47 per share, for a total transaction of $5,765,175.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,709,624 shares of company stock worth $48,298,143. Insiders own 2.00% of the company’s stock.
TRN has been the subject of a number of recent analyst reports. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a report on Monday, August 14th. Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Buckingham Research initiated coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price objective for the company. BidaskClub upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.89.
Trinity Industries, Inc. (NYSE:TRN) traded up 0.72% on Friday, reaching $29.56. 1,397,234 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $27.25. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 18.17 and a beta of 2.18. Trinity Industries, Inc. has a 12-month low of $20.80 and a 12-month high of $30.13.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $947.40 million. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was down 23.6% on a year-over-year basis. Analysts forecast that Trinity Industries, Inc. will post $1.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. Trinity Industries’s dividend payout ratio (DPR) is presently 32.10%.
Trinity Industries Profile
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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