Principal Financial Group Inc. reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN – Free Report) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,434 shares of the transportation company’s stock after selling 16,017 shares during the quarter. Principal Financial Group Inc.’s holdings in Trinity Industries were worth $13,603,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Encompass Capital Advisors LLC acquired a new stake in shares of Trinity Industries during the 2nd quarter worth about $40,527,000. American Century Companies Inc. grew its stake in Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after buying an additional 604,050 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after buying an additional 529,857 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Trinity Industries in the second quarter valued at approximately $9,033,000. Finally, Algert Global LLC boosted its holdings in shares of Trinity Industries by 125.0% in the 3rd quarter. Algert Global LLC now owns 297,230 shares of the transportation company’s stock worth $10,355,000 after acquiring an additional 165,105 shares in the last quarter. 86.57% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $35.00 in a report on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective on the stock.
View Our Latest Research Report on TRN
Trinity Industries Stock Down 1.2 %
NYSE TRN opened at $35.48 on Friday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 17.31 and a beta of 1.39. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $39.00. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a fifty day moving average of $36.53 and a 200-day moving average of $33.68.
Trinity Industries (NYSE:TRN – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $798.80 million during the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.
Trinity Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.30 dividend. The ex-dividend date is 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 yield of 3.38%. Trinity Industries’s dividend payout ratio (DPR) is presently 58.54%.
Trinity Industries Company Profile
(Free Report)
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.
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