Trinity Industries, Inc. (TRN) Stake Lowered by Financial Engines Advisors L.L.C.
Financial Engines Advisors L.L.C. lessened its stake in Trinity Industries, Inc. (NYSE:TRN) by 15.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,907 shares of the transportation company’s stock after selling 5,878 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Trinity Industries were worth $1,018,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Trinity Industries by 15.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 84,390 shares of the transportation company’s stock valued at $2,693,000 after buying an additional 11,167 shares during the last quarter. Chesapeake Asset Management LLC lifted its holdings in Trinity Industries by 95.9% during the 3rd quarter. Chesapeake Asset Management LLC now owns 54,497 shares of the transportation company’s stock valued at $1,738,000 after purchasing an additional 26,682 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Trinity Industries by 6.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 138,005 shares of the transportation company’s stock valued at $4,402,000 after purchasing an additional 8,070 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Trinity Industries by 3.0% during the 3rd quarter. New York State Common Retirement Fund now owns 322,400 shares of the transportation company’s stock valued at $10,285,000 after purchasing an additional 9,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Trinity Industries by 160.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 337,546 shares of the transportation company’s stock valued at $10,768,000 after purchasing an additional 207,805 shares during the last quarter. 80.14% of the stock is owned by institutional investors.
In related news, major shareholder Valueact Capital Master Fund, purchased 375,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $28.15 per share, for a total transaction of $10,556,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of $31.45 per share, for a total transaction of $9,435,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,258,333 shares of company stock worth $67,928,765 in the last quarter. Company insiders own 2.00% of the company’s stock.
TRN has been the subject of several research reports. Cowen and Company raised their price target on Trinity Industries from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 price target (up previously from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. Finally, UBS AG raised Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Trinity Industries has an average rating of “Buy” and a consensus price target of $34.13.
Trinity Industries, Inc. (TRN) traded down $0.24 during mid-day trading on Wednesday, reaching $32.91. The company’s stock had a trading volume of 1,080,029 shares, compared to its average volume of 1,286,662. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The company has a market cap of $4,980.02, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.20 and a beta of 2.25. Trinity Industries, Inc. has a 1 year low of $25.01 and a 1 year high of $35.97.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.11. The firm had revenue of $973.60 million for the quarter, compared to analysts’ expectations of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. equities research analysts expect that Trinity Industries, Inc. will post 1.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, October 12th. Trinity Industries’s payout ratio is 34.67%.
Trinity Industries 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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