2,717 Shares in Trinity Industries, Inc. (NYSE:TRN) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new position in Trinity Industries, Inc. (NYSE:TRN – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,717 shares of the transportation company’s stock, valued at approximately $80,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings in Trinity Industries by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 103,040 shares of the transportation company’s stock worth $3,047,000 after acquiring an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Trinity Industries by 1.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,000 shares of the transportation company’s stock worth $576,000 after buying an additional 426 shares in the last quarter. Arizona State Retirement System increased its holdings in Trinity Industries by 2.2% in the 4th quarter. Arizona State Retirement System now owns 21,983 shares of the transportation company’s stock worth $650,000 after buying an additional 467 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Trinity Industries by 75.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the transportation company’s stock worth $34,000 after buying an additional 497 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Trinity Industries by 0.9% in 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 buying an additional 558 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of Trinity Industries from $26.00 to $22.00 in a report on Wednesday, May 3rd. StockNews.com assumed coverage on shares of Trinity Industries in a report on Thursday. They issued a “hold” rating on the stock. Stephens dropped their target price on shares of Trinity Industries from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. TheStreet downgraded Trinity Industries from a “b-” rating to a “c” rating in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company lowered their target price on Trinity Industries from $34.00 to $30.00 and set an “overweight” rating on the stock 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 stock. According to data from MarketBeat.com, Trinity Industries presently has an average rating of “Hold” and an average target price of $27.00.

Trinity Industries Stock Up 0.1 %

TRN stock opened at $21.40 on Friday. The business’s 50-day moving average price is $22.96 and its 200-day moving average price is $26.68. The stock has a market cap of $1.74 billion, a P/E ratio of 27.44 and a beta of 1.38. The company has a quick ratio of 0.72, a current ratio of 1.80 and a debt-to-equity ratio of 4.56. Trinity Industries, Inc. has a twelve month low of $20.07 and a twelve month high of $31.68.

Trinity Industries (NYSE:TRN – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.25). The firm had revenue of $641.70 million for the quarter, compared to analysts’ expectations of $654.63 million. Trinity Industries had a net margin of 3.04% and a return on equity of 6.61%. Trinity Industries’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.51 EPS for the current year.

Trinity Industries Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. Trinity Industries’s payout ratio is presently 133.33%.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, Director Todd Maclin acquired 4,500 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was purchased at an average price of $21.19 per share, with a total value of $95,355.00. Following the completion of the purchase, the director now directly owns 27,548 shares in the company, valued at approximately $583,742.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Todd Maclin bought 4,500 shares of the stock in a transaction dated Friday, March 17th. The shares were purchased at an average price of $21.19 per share, with a total value of $95,355.00. Following the completion of the acquisition, the director now owns 27,548 shares of the company’s stock, valued at $583,742.12. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jean Savage bought 4,300 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were bought at an average price of $23.19 per share, with a total value of $99,717.00. Following the transaction, the chief executive officer now owns 194,176 shares of the company’s stock, valued at approximately $4,502,941.44. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,285 shares of company stock valued at $295,043 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

About Trinity Industries

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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.