First Citizens Bank & Trust Co. reduced its stake in shares of Trinity Industries Inc (NYSE:TRN) by 35.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,984 shares of the transportation company’s stock after selling 3,878 shares during the period. First Citizens Bank & Trust Co.’s holdings in Trinity Industries were worth $262,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sippican Capital Advisors purchased a new stake in Trinity Industries in the 3rd quarter worth approximately $211,000. Griffin Asset Management Inc. purchased a new stake in Trinity Industries in the 3rd quarter worth approximately $213,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in Trinity Industries in the 2nd quarter worth approximately $230,000. Commerce Bank purchased a new stake in Trinity Industries in the 3rd quarter worth approximately $255,000. Finally, Stephens Inc. AR grew its stake in Trinity Industries by 3.0% in the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock worth $271,000 after acquiring an additional 279 shares during the period. Hedge funds and other institutional investors own 82.16% of the company’s stock.

Shares of Trinity Industries Inc (NYSE TRN) opened at $37.15 on Monday. Trinity Industries Inc has a 12 month low of $25.01 and a 12 month high of $38.25. The stock has a market cap of $5,640.00, a price-to-earnings ratio of 24.77, a PEG ratio of 2.74 and a beta of 2.27. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The company had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same period in the previous year, the company earned $0.55 EPS. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. sell-side analysts predict that Trinity Industries Inc will post 1.48 earnings per share for the current fiscal year.

Trinity Industries announced that its Board of Directors has authorized a share repurchase program on Tuesday, December 12th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.40%. Trinity Industries’s dividend payout ratio is presently 34.67%.

In other Trinity Industries news, major shareholder Valueact Capital Master Fund, purchased 13,687 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $31.98 per share, with a total value of $437,710.26. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 125,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $32.89 per share, with a total value of $4,111,250.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,722,237 shares of company stock valued at $55,164,869 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Several analysts have commented on TRN shares. Zacks Investment Research raised shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, September 19th. Citigroup raised shares of Trinity Industries from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $45.00 to $36.00 in a research note on Friday, September 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $42.00 target price (up from $31.00) on shares of Trinity Industries in a research note on Sunday, October 1st. Cowen reaffirmed a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of Trinity Industries in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $36.25.

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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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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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