Hsbc Holdings PLC Has $397,000 Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Hsbc Holdings PLC lessened its holdings in shares of Trinity Industries, Inc. (NYSE:TRN – Get Rating) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,201 shares of the transportation company’s stock after selling 3,900 shares during the quarter. Hsbc Holdings PLC’s holdings in Trinity Industries were worth $397,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in Trinity Industries by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 60,576 shares of the transportation company’s stock worth $1,293,000 after purchasing an additional 558 shares in the last quarter. Keybank National Association OH bought a new position in Trinity Industries during the 2nd quarter worth about $576,000. KBC Group NV bought a new position in Trinity Industries during the 3rd quarter worth about $119,000. Cipher Capital LP bought a new position in Trinity Industries during the 3rd quarter worth about $1,144,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Trinity Industries by 13.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,615 shares of the transportation company’s stock worth $227,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRN. Susquehanna lowered their target price on Trinity Industries from $30.00 to $26.00 in a report on Tuesday. TheStreet upgraded Trinity Industries from a “c+” rating to a “b” rating in a report on Friday, November 18th. Wells Fargo & Company decreased their price objective on Trinity Industries from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. Finally, Stephens reduced their price target on Trinity Industries from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, February 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.00.

Trinity Industries Price Performance

NYSE TRN opened at $25.88 on Wednesday. The business has a fifty day moving average price of $27.90 and a two-hundred day moving average price of $27.06. Trinity Industries, Inc. has a fifty-two week low of $20.94 and a fifty-two week high of $35.35. The stock has a market capitalization of $2.10 billion, a PE ratio of 35.94 and a beta of 1.40.

Trinity Industries (NYSE:TRN – Get Rating) last released its earnings results on Tuesday, February 21st. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Trinity Industries had a return on equity of 6.26% and a net margin of 3.04%. The firm had revenue of $591.20 million during the quarter, compared to analysts’ expectations of $786.03 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, sell-side analysts expect that Trinity Industries, Inc. will post 1.68 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.02%. Trinity Industries’s payout ratio is presently 144.44%.

Trinity Industries declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 8th that authorizes the company to buyback $250.00 million in 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 usually a sign that the company’s board believes its shares are undervalued.

Trinity Industries Company Profile

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Trinity Industries, Inc engages in the provision of rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services.