Janney Montgomery Scott LLC Increases Stake in Trinity Industries, Inc. (NYSE:TRN)

Janney Montgomery Scott LLC boosted its stake in shares of Trinity Industries, Inc. (NYSE:TRNGet Rating) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,909 shares of the transportation company’s stock after acquiring an additional 1,624 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Trinity Industries were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRN. Jennison Associates LLC raised its position in Trinity Industries by 27.4% during the second quarter. Jennison Associates LLC now owns 3,449,846 shares of the transportation company’s stock valued at $83,555,000 after acquiring an additional 742,715 shares in the last quarter. Principal Financial Group Inc. raised its position in Trinity Industries by 57.0% during the second quarter. Principal Financial Group Inc. now owns 433,742 shares of the transportation company’s stock valued at $10,505,000 after acquiring an additional 157,392 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in Trinity Industries during the second quarter valued at approximately $3,139,000. Wellington Management Group LLP raised its position in Trinity Industries by 1,354.3% during the first quarter. Wellington Management Group LLP now owns 130,468 shares of the transportation company’s stock valued at $4,483,000 after acquiring an additional 121,497 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Trinity Industries during the second quarter valued at approximately $2,763,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

Shares of Trinity Industries stock opened at $27.61 on Wednesday. Trinity Industries, Inc. has a one year low of $20.94 and a one year high of $35.35. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 16.15 and a beta of 1.38. 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 business’s 50 day moving average price is $29.36 and its 200 day moving average price is $26.53.

Trinity Industries (NYSE:TRNGet Rating) last posted its earnings results on Tuesday, October 25th. The transportation company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Trinity Industries had a return on equity of 3.96% and a net margin of 8.76%. The company had revenue of $496.60 million for the quarter, compared to the consensus estimate of $708.00 million. On average, research analysts predict that Trinity Industries, Inc. will post 0.98 EPS for the current year.

Trinity Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $1.04 dividend on an annualized basis and a yield of 3.77%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.23. Trinity Industries’s payout ratio is currently 60.82%.

Trinity Industries announced that its board has initiated a stock buyback plan on Thursday, December 8th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 10.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

See Also

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

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