GAMMA Investing LLC Buys 16,548 Shares of Trinity Industries, Inc. (NYSE:TRN)

GAMMA Investing LLC lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 1,303.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,818 shares of the transportation company’s stock after purchasing an additional 16,548 shares during the quarter. GAMMA Investing LLC’s holdings in Trinity Industries were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Shields Capital Management LLC purchased a new position in shares of Trinity Industries during the 4th quarter valued at $35,000. Millstone Evans Group LLC bought a new stake in Trinity Industries in the fourth quarter worth $54,000. Smartleaf Asset Management LLC boosted its holdings in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after purchasing an additional 713 shares during the period. Jones Financial Companies Lllp lifted its holdings in Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after buying an additional 398 shares during the period. Finally, Xponance Inc. bought a new position in shares of Trinity Industries during the fourth quarter valued at approximately $208,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Trading Up 1.5%

TRN opened at $26.22 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The stock has a market cap of $2.14 billion, a PE ratio of 16.18 and a beta of 1.46. The business has a 50 day moving average of $25.62 and a 200-day moving average of $30.78.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. The firm had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. During the same quarter last year, the company posted $0.33 EPS. Trinity Industries’s revenue for the quarter was down 27.7% compared to the same quarter last year. Equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.58%. Trinity Industries’s payout ratio is currently 74.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRN shares. Susquehanna reduced their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group reduced their price target on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th.

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.