41,000 Shares in Trinity Industries, Inc. (NYSE:TRN) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 41,000 shares of the transportation company’s stock, valued at approximately $1,090,000.

Other hedge funds have also modified their holdings of the company. Ramirez Asset Management Inc. bought a new position in shares of Trinity Industries during the third quarter worth about $32,000. Huntington National Bank grew its holdings in shares of Trinity Industries by 61.8% during the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company’s stock worth $34,000 after buying an additional 528 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Trinity Industries by 2,559.0% during the fourth quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company’s stock worth $212,000 after buying an additional 7,677 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Trinity Industries during the third quarter worth about $216,000. Finally, Quadrature Capital Ltd bought a new position in shares of Trinity Industries during the third quarter worth about $216,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Up 1.2 %

TRN stock opened at $26.74 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The business has a 50 day moving average price of $26.37 and a two-hundred day moving average price of $25.29. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 21.22 and a beta of 1.39. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $28.86.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The firm had revenue of $797.90 million during the quarter, compared to the consensus estimate of $749.25 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The business’s revenue was up 35.0% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. Analysts anticipate that Trinity Industries, Inc. will post 1.46 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 4.19%. Trinity Industries’s dividend payout ratio is currently 88.89%.

Insider Transactions at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the transaction, the chief financial officer now directly owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Susquehanna decreased their price target on Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Trinity Industries Company Profile

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.