Trinity Industries Inc. (TRN) Stake Increased by Victory Capital Management Inc.
Victory Capital Management Inc. raised its stake in Trinity Industries Inc. (NYSE:TRN) by 17.6% during the second quarter, Holdings Channel reports. The fund owned 12,595 shares of the company’s stock after buying an additional 1,883 shares during the period. Victory Capital Management Inc.’s holdings in Trinity Industries were worth $234,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in Trinity Industries by 10,795.8% in the first quarter. Acadian Asset Management LLC now owns 44,455 shares of the company’s stock valued at $814,000 after buying an additional 44,047 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Trinity Industries by 145.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 370,324 shares of the company’s stock valued at $6,781,000 after buying an additional 219,493 shares during the last quarter. Ngam Advisors L.P. boosted its stake in Trinity Industries by 28.0% in the first quarter. Ngam Advisors L.P. now owns 67,822 shares of the company’s stock valued at $1,242,000 after buying an additional 14,852 shares during the last quarter. BlackRock Group LTD boosted its stake in Trinity Industries by 8.0% in the first quarter. BlackRock Group LTD now owns 197,562 shares of the company’s stock valued at $3,616,000 after buying an additional 14,572 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Trinity Industries by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the company’s stock valued at $85,050,000 after buying an additional 30,402 shares during the last quarter. 72.15% of the stock is currently owned by institutional investors.
Trinity Industries Inc. (NYSE:TRN) traded down 0.53% during trading on Tuesday, hitting $24.19. 242,311 shares of the stock traded hands. The firm has a market cap of $3.69 billion, a PE ratio of 6.25 and a beta of 2.16. The firm has a 50-day moving average price of $24.13 and a 200 day moving average price of $20.52. Trinity Industries Inc. has a 12 month low of $14.94 and a 12 month high of $30.38.
Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.14. Trinity Industries had a net margin of 10.91% and a return on equity of 14.62%. The firm earned $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $1.33 earnings per share. On average, equities analysts forecast that Trinity Industries Inc. will post $2.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. Trinity Industries’s dividend payout ratio (DPR) is presently 11.37%.
TRN has been the topic of several recent analyst reports. Longbow Research cut Trinity Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Wells Fargo & Co. restated a “hold” rating on shares of Trinity Industries in a report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, June 28th. Cowen and Company raised their price objective on shares of Trinity Industries from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, July 25th. Finally, Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their price objective for the stock from $23.00 to $24.00 in a report on Monday, July 25th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of €21.11 ($23.46).
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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