US Bancorp DE Reduces Position in Trinity Industries, Inc. (NYSE:TRN)

US Bancorp DE reduced its position in Trinity Industries, Inc. (NYSE:TRN) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,589 shares of the transportation company’s stock after selling 2,460 shares during the quarter. US Bancorp DE’s holdings in Trinity Industries were worth $648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new position in shares of Trinity Industries during the first quarter valued at approximately $544,000. Marshall Wace LLP bought a new position in Trinity Industries in the 2nd quarter valued at $1,049,000. State of New Jersey Common Pension Fund D purchased a new stake in Trinity Industries in the second quarter worth $1,824,000. GAMMA Investing LLC lifted its position in shares of Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after purchasing an additional 469 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after purchasing an additional 529,857 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Trinity Industries Price Performance

TRN opened at $37.14 on Monday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.12 and a beta of 1.39. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 12-month low of $22.99 and a 12-month high of $37.54. The business’s fifty day simple moving average is $34.06 and its 200-day simple moving average is $31.99.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.02%. Trinity Industries’s dividend payout ratio is currently 54.63%.

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.