Trinity Industries Inc (TRN) Position Reduced by Stevens Capital Management LP

Stevens Capital Management LP trimmed its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 65.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,085 shares of the transportation company’s stock after selling 40,273 shares during the period. Stevens Capital Management LP’s holdings in Trinity Industries were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRN. Point72 Hong Kong Ltd acquired a new stake in Trinity Industries during the 2nd quarter valued at approximately $130,000. Meeder Asset Management Inc. acquired a new stake in Trinity Industries during the 3rd quarter valued at approximately $170,000. KBC Group NV lifted its stake in Trinity Industries by 108.0% during the 2nd quarter. KBC Group NV now owns 5,637 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 2,927 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Trinity Industries during the 3rd quarter valued at approximately $202,000. Finally, CIBC Asset Management Inc acquired a new stake in Trinity Industries during the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 81.28% of the company’s stock.

Several brokerages have commented on TRN. Zacks Investment Research restated a “hold” rating and set a $24.00 price objective on shares of Trinity Industries in a research note on Saturday, November 17th. Vertical Group lowered shares of Trinity Industries from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a report on Tuesday. Stifel Nicolaus set a $34.00 target price on shares of Trinity Industries and gave the company a “buy” rating in a report on Saturday, November 17th. Seaport Global Securities raised shares of Trinity Industries from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a report on Monday, November 26th. Finally, ValuEngine lowered shares of Trinity Industries from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Four equities research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Trinity Industries presently has a consensus rating of “Hold” and an average price target of $32.20.

NYSE:TRN opened at $22.07 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.50 and a debt-to-equity ratio of 0.71. The company has a market cap of $3.31 billion, a PE ratio of 14.52, a PEG ratio of 3.43 and a beta of 2.29. Trinity Industries Inc has a 1-year low of $20.65 and a 1-year high of $39.35.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, October 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $930.90 million for the quarter, compared to analysts’ expectations of $969.60 million. Trinity Industries had a net margin of 18.57% and a return on equity of 5.38%. During the same period last year, the firm earned $0.43 earnings per share. Analysts expect that Trinity Industries Inc will post 0.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Tuesday, January 15th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, January 14th. Trinity Industries’s dividend payout ratio (DPR) is 34.21%.

In related news, Director Brandon B. Boze purchased 8,788 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was bought at an average price of $22.00 per share, with a total value of $193,336.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brandon B. Boze purchased 143,576 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $21.99 per share, with a total value of $3,157,236.24. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

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About Trinity Industries

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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