Cwm LLC Reduces Holdings in Trinity Industries, Inc. (NYSE:TRN)

Cwm LLC lessened its position in shares of Trinity Industries, Inc. (NYSE:TRNGet Rating) by 13.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,717 shares of the transportation company’s stock after selling 702 shares during the period. Cwm LLC’s holdings in Trinity Industries were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Rocky Mountain Advisers LLC lifted its position in shares of Trinity Industries by 56.0% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 1,950 shares of the transportation company’s stock valued at $47,000 after buying an additional 700 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Trinity Industries by 11.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,706 shares of the transportation company’s stock valued at $211,000 after buying an additional 867 shares during the last quarter. Credit Suisse AG lifted its holdings in Trinity Industries by 1.4% during the 2nd quarter. Credit Suisse AG now owns 64,146 shares of the transportation company’s stock worth $1,553,000 after purchasing an additional 867 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Trinity Industries by 4.9% during the 2nd quarter. SG Americas Securities LLC now owns 20,863 shares of the transportation company’s stock worth $505,000 after purchasing an additional 974 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Trinity Industries by 3.3% during the 1st quarter. HighTower Advisors LLC now owns 31,885 shares of the transportation company’s stock worth $1,091,000 after purchasing an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Trinity Industries Stock Performance

NYSE:TRN opened at $27.84 on Wednesday. The business’s 50-day moving average price is $29.57 and its two-hundred day moving average price is $26.37. Trinity Industries, Inc. has a twelve month low of $20.94 and a twelve month high of $35.35. The stock has a market cap of $2.27 billion, a P/E ratio of 16.28 and a beta of 1.38. The company has a quick ratio of 0.61, a current ratio of 1.80 and a debt-to-equity ratio of 4.36.

Trinity Industries (NYSE:TRNGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The transportation company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $496.60 million for the quarter, compared to analyst estimates of $708.00 million. Trinity Industries had a return on equity of 3.96% and a net margin of 8.76%. As a group, equities analysts predict that Trinity Industries, Inc. will post 0.99 EPS for the current fiscal year.

Trinity Industries declared that its board has initiated a stock repurchase program on Thursday, December 8th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, January 12th. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 3.74%. Trinity Industries’s dividend payout ratio is 60.82%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRN. StockNews.com began coverage on Trinity Industries in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, November 7th. Wells Fargo & Company increased their price objective on Trinity Industries from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, December 1st. Susquehanna Bancshares cut Trinity Industries to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, November 7th. Finally, TheStreet raised Trinity Industries from a “c+” rating to a “b” rating in a report on Friday, November 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.25.

About Trinity Industries

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Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.

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

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