Kestra Advisory Services LLC Makes New Investment in Trinity Industries, Inc. (NYSE:TRN)

Kestra Advisory Services LLC bought a new position in Trinity Industries, Inc. (NYSE:TRN – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 62,166 shares of the transportation company’s stock, valued at approximately $1,327,000. Kestra Advisory Services LLC owned approximately 0.08% of Trinity Industries at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Trinity Industries by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,293,388 shares of the transportation company’s stock worth $284,960,000 after purchasing an additional 41,794 shares in the last quarter. Jennison Associates LLC raised its position in shares of Trinity Industries by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 4,265,266 shares of the transportation company’s stock valued at $91,063,000 after buying an additional 815,420 shares during the period. State Street Corp raised its position in shares of Trinity Industries by 2.0% during the 2nd quarter. State Street Corp now owns 2,655,447 shares of the transportation company’s stock valued at $64,315,000 after buying an additional 52,756 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Trinity Industries by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,035,242 shares of the transportation company’s stock valued at $35,571,000 after buying an additional 30,636 shares during the period. Finally, Raymond James & Associates raised its position in shares of Trinity Industries by 2.0% during the 3rd quarter. Raymond James & Associates now owns 720,894 shares of the transportation company’s stock valued at $15,391,000 after buying an additional 13,978 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TRN. StockNews.com began coverage on shares of Trinity Industries in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet raised shares of Trinity Industries from a “c+” rating to a “b” rating in a research report on Friday, November 18th. Wells Fargo & Company lifted their price target on shares of Trinity Industries from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, December 1st. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday, November 7th. Finally, Susquehanna Bancshares lowered shares of Trinity Industries to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.25.

Trinity Industries Stock Down 0.1 %

Trinity Industries stock opened at $27.35 on Tuesday. Trinity Industries, Inc. has a fifty-two week low of $20.94 and a fifty-two week high of $35.35. The company has a debt-to-equity ratio of 4.36, a quick ratio of 0.61 and a current ratio of 1.80. The firm has a 50 day moving average price of $29.40 and a 200 day moving average price of $26.49. The company has a market capitalization of $2.23 billion, a PE ratio of 15.99 and a beta of 1.38.

Trinity Industries (NYSE:TRN – Get Rating) last posted its earnings results on Tuesday, October 25th. The transportation company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Trinity Industries had a net margin of 8.76% and a return on equity of 3.96%. The firm had revenue of $496.60 million during the quarter, compared to the consensus estimate of $708.00 million. Research analysts expect that Trinity Industries, Inc. will post 0.98 earnings per share for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be paid a $0.26 dividend. This is an increase from Trinity Industries’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, January 12th. This represents a $1.04 annualized dividend and a dividend yield of 3.80%. Trinity Industries’s payout ratio is 60.82%.

Trinity Industries declared that its board has approved a stock buyback program on Thursday, December 8th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the transportation company to reacquire up to 10.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Trinity Industries Company Profile

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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.