Natixis Advisors L.P. Cuts Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Natixis Advisors L.P. reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 371,543 shares of the transportation company’s stock after selling 5,547 shares during the period. Natixis Advisors L.P.’s holdings in Trinity Industries were worth $9,879,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Trinity Industries by 3.2% during the 3rd quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after buying an additional 146,341 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Trinity Industries by 9.1% in the third quarter. Gamco Investors INC. ET AL now owns 1,217,163 shares of the transportation company’s stock valued at $29,638,000 after purchasing an additional 102,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Trinity Industries by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,181,202 shares of the transportation company’s stock valued at $28,762,000 after purchasing an additional 68,165 shares in the last quarter. Northern Trust Corp grew its position in shares of Trinity Industries by 0.4% in the third quarter. Northern Trust Corp now owns 884,060 shares of the transportation company’s stock valued at $21,527,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Trinity Industries by 8.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 569,484 shares of the transportation company’s stock valued at $13,867,000 after purchasing an additional 46,396 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Trading Up 0.3 %

TRN opened at $30.67 on Thursday. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $31.00. The stock has a market capitalization of $2.51 billion, a PE ratio of 20.58 and a beta of 1.39. The business’s 50 day moving average price is $27.04 and its 200 day moving average price is $25.77. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm had revenue of $809.60 million for the quarter, compared to analysts’ expectations of $750.97 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, April 12th. Trinity Industries’s dividend payout ratio is presently 75.17%.

Insider Activity at Trinity Industries

In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Susquehanna upped their price target on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. TD Cowen upped their price target on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Trinity Industries 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.