Trinity Industries Inc (TRN) Shares Sold by Capital Fund Management S.A.
Capital Fund Management S.A. cut its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 41.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,975 shares of the transportation company’s stock after selling 26,582 shares during the quarter. Capital Fund Management S.A.’s holdings in Trinity Industries were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Trinity Industries by 2.0% during the first quarter. Principal Financial Group Inc. now owns 658,220 shares of the transportation company’s stock worth $21,477,000 after buying an additional 13,073 shares during the period. State of Alaska Department of Revenue increased its position in shares of Trinity Industries by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 16,520 shares of the transportation company’s stock worth $565,000 after buying an additional 4,720 shares during the period. Bank of Montreal Can acquired a new stake in shares of Trinity Industries during the second quarter worth $2,498,000. Boston Advisors LLC acquired a new stake in shares of Trinity Industries during the second quarter worth $1,965,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Trinity Industries during the second quarter worth $1,488,000. Institutional investors and hedge funds own 81.75% of the company’s stock.
TRN has been the subject of a number of research reports. Vertical Group upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. ValuEngine cut shares of Trinity Industries from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Stifel Nicolaus set a $34.00 price target on shares of Trinity Industries and gave the stock a “buy” rating in a report on Saturday. UBS Group upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, October 30th. Finally, Cowen restated a “buy” rating and issued a $47.00 price target on shares of Trinity Industries in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.44.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $930.90 million during the quarter, compared to analyst estimates of $969.60 million. Trinity Industries had a return on equity of 5.38% and a net margin of 18.57%. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, research analysts anticipate that Trinity Industries Inc will post 1.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, October 12th. Trinity Industries’s dividend payout ratio is currently 34.21%.
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About Trinity Industries
Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.
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