Trinity Industries Inc (TRN) Position Reduced by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Trinity Industries Inc (NYSE:TRN) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,971 shares of the transportation company’s stock after selling 8,781 shares during the period. Voya Investment Management LLC’s holdings in Trinity Industries were worth $1,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TRN. ValueAct Holdings L.P. increased its stake in Trinity Industries by 15.1% in the 1st quarter. ValueAct Holdings L.P. now owns 21,407,891 shares of the transportation company’s stock worth $698,539,000 after buying an additional 2,800,539 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Trinity Industries by 13,081.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,779,493 shares of the transportation company’s stock worth $60,965,000 after acquiring an additional 1,765,993 shares in the last quarter. First Trust Advisors LP grew its holdings in Trinity Industries by 34.4% during the 2nd quarter. First Trust Advisors LP now owns 1,021,150 shares of the transportation company’s stock worth $34,985,000 after acquiring an additional 261,306 shares in the last quarter. Natixis grew its holdings in Trinity Industries by 2,385.1% during the 1st quarter. Natixis now owns 205,172 shares of the transportation company’s stock worth $6,668,000 after acquiring an additional 196,916 shares in the last quarter. Finally, Clearline Capital LP grew its holdings in Trinity Industries by 306.5% during the 1st quarter. Clearline Capital LP now owns 241,769 shares of the transportation company’s stock worth $7,889,000 after acquiring an additional 182,296 shares in the last quarter. 83.73% of the stock is currently owned by institutional investors.

TRN has been the topic of several recent research reports. Buckingham Research increased their target price on shares of Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Vertical Group upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. TheStreet upgraded shares of Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Mizuho initiated coverage on shares of Trinity Industries in a report on Wednesday, July 4th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Trinity Industries from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.00.

NYSE:TRN opened at $39.00 on Monday. Trinity Industries Inc has a fifty-two week low of $30.39 and a fifty-two week high of $39.19. The stock has a market capitalization of $5.41 billion, a PE ratio of 25.66, a PEG ratio of 2.26 and a beta of 2.18. The company has a current ratio of 2.52, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. The business had revenue of $942.30 million for the quarter, compared to analysts’ expectations of $965.24 million. During the same period last year, the business earned $0.33 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Trinity Industries Inc will post 1.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, October 12th. Trinity Industries’s dividend payout ratio is currently 34.21%.

Trinity Industries Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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