Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Versor Investments LP

Versor Investments LP decreased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 78.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,998 shares of the transportation company’s stock after selling 25,300 shares during the period. Versor Investments LP’s holdings in Trinity Industries were worth $246,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TRN. State Street Corp grew its position in shares of Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after acquiring an additional 73,183 shares during the last quarter. HighTower Advisors LLC grew its position in Trinity Industries by 125.9% during the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after purchasing an additional 31,758 shares during the last quarter. Intech Investment Management LLC acquired a new position in Trinity Industries in the third quarter valued at $572,000. Royce & Associates LP raised its holdings in shares of Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after buying an additional 27,870 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Trinity Industries by 387.2% during 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 last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

Shares of TRN opened at $30.03 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The stock’s 50 day moving average is $35.73 and its two-hundred day moving average is $35.21. Trinity Industries, Inc. has a twelve month low of $24.49 and a twelve month high of $39.83. The firm has a market capitalization of $2.46 billion, a PE ratio of 18.31 and a beta of 1.40.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. Trinity Industries’s dividend payout ratio is 73.17%.

Wall Street Analyst Weigh In

Several analysts have commented on TRN shares. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group started coverage on Trinity Industries in a research note on Monday, November 18th. They set a “neutral” rating and a $39.00 price target for the company. Finally, Susquehanna lifted their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday.

About Trinity Industries

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.