United Services Automobile Association decreased its stake in Trinity Industries, Inc. (NYSE:TRN) by 5.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,820 shares of the transportation company’s stock after selling 710 shares during the period. United Services Automobile Association’s holdings in Trinity Industries were worth $340,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Trinity Industries by 10.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,302 shares of the transportation company’s stock valued at $286,000 after buying an additional 995 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Trinity Industries during the fourth quarter valued at $4,430,000. Janus Capital Management LLC raised its position in shares of Trinity Industries by 35.5% in the fourth quarter. Janus Capital Management LLC now owns 26,700 shares of the transportation company’s stock valued at $741,000 after buying an additional 7,000 shares during the period. Guggenheim Capital LLC raised its position in shares of Trinity Industries by 24.2% in the fourth quarter. Guggenheim Capital LLC now owns 193,646 shares of the transportation company’s stock valued at $5,375,000 after buying an additional 37,737 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Trinity Industries by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,100 shares of the transportation company’s stock valued at $725,000 after buying an additional 2,180 shares during the period. 80.47% of the stock is currently owned by institutional investors.
Shares of Trinity Industries, Inc. (NYSE TRN) opened at 27.82 on Friday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 14.58 and a beta of 2.19. The company has a 50 day moving average price of $27.14 and a 200-day moving average price of $27.09. Trinity Industries, Inc. has a one year low of $20.62 and a one year high of $30.13.
Trinity Industries (NYSE:TRN) last posted its earnings results on Tuesday, April 25th. The transportation company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Trinity Industries had a net margin of 6.81% and a return on equity of 6.82%. The firm had revenue of $877.30 million during the quarter, compared to the consensus estimate of $904.66 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. Equities analysts predict that Trinity Industries, Inc. will post $1.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 14th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, July 12th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.11. Trinity Industries’s dividend payout ratio (DPR) is 27.23%.
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Several brokerages have issued reports on TRN. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a research report on Thursday, July 13th. Zacks Investment Research upgraded Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research report on Wednesday. BidaskClub lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Buckingham Research began coverage on Trinity Industries in a research report on Wednesday, June 21st. They set a “buy” rating and a $32.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.40.
In related news, insider D Stephen Menzies sold 27,742 shares of Trinity Industries stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total value of $724,343.62. Following the completion of the sale, the insider now owns 236,707 shares in the company, valued at approximately $6,180,419.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.
Trinity Industries Company 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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