Ameritas Investment Partners Inc. decreased its position in Trinity Industries Inc (NYSE:TRN) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 62,063 shares of the transportation company’s stock after selling 2,250 shares during the period. Ameritas Investment Partners Inc.’s holdings in Trinity Industries were worth $1,647,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Seven Bridges Advisors LLC acquired a new position in shares of Trinity Industries during the third quarter worth about $138,000. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Trinity Industries by 139.3% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 163,737 shares of the transportation company’s stock worth $3,959,000 after buying an additional 95,302 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the transportation company’s stock worth $133,000 after buying an additional 27 shares during the period. Balasa Dinverno & Foltz LLC acquired a new position in shares of Trinity Industries during the third quarter worth about $212,000. Finally, Aviance Capital Partners LLC acquired a new position in shares of Trinity Industries during the third quarter worth about $542,000. 76.63% of the stock is owned by institutional investors and hedge funds.
Trinity Industries Inc (NYSE:TRN) traded up 0.23% during midday trading on Monday, hitting $26.62. The company had a trading volume of 926,718 shares. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 13.95 and a beta of 2.25. The company’s 50 day moving average is $26.70 and its 200 day moving average is $27.02. Trinity Industries Inc has a 12-month low of $16.79 and a 12-month high of $30.13.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $877.30 million for the quarter, compared to analysts’ expectations of $904.66 million. Trinity Industries had a return on equity of 11.37% and a net margin of 9.46%. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, equities analysts anticipate that Trinity Industries Inc will post $1.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, July 12th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.11. Trinity Industries’s payout ratio is 14.15%.
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A number of equities analysts have recently issued reports on TRN shares. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, January 24th. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research note on Tuesday, January 31st. TheStreet downgraded Trinity Industries from a “b-” rating to a “c+” rating in a research note on Monday, February 27th. Finally, Stifel Nicolaus increased their target price on Trinity Industries from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, March 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Trinity Industries presently has a consensus rating of “Hold” and an average target price of $26.50.
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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