Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,414 shares of the transportation company’s stock after selling 824 shares during the period. Yousif Capital Management LLC’s holdings in Trinity Industries were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Trinity Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company’s stock worth $354,496,000 after purchasing an additional 126,139 shares in the last quarter. Capital International Investors grew its stake in Trinity Industries by 1.1% in the fourth quarter. Capital International Investors now owns 5,450,669 shares of the transportation company’s stock worth $191,388,000 after purchasing an additional 61,901 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Trinity Industries in the fourth quarter worth about $104,136,000. American Century Companies Inc. grew its stake in Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock worth $76,777,000 after purchasing an additional 446,142 shares in the last quarter. Finally, Encompass Capital Advisors LLC grew its stake in Trinity Industries by 16.7% in the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company’s stock worth $69,929,000 after purchasing an additional 285,237 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

Shares of TRN stock 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. The business has a 50 day moving average of $25.62 and a two-hundred day moving average of $30.78. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The company has a market cap of $2.14 billion, a P/E ratio of 16.18 and a beta of 1.46.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The company had revenue of $585.40 million during the quarter, compared to analyst estimates of $614.02 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was down 27.7% on a year-over-year basis. As a group, analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.30 per share. 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 dividend payout ratio is presently 74.07%.

Wall Street Analyst Weigh In

TRN has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Susquehanna decreased their target price on Trinity Industries from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd.

About Trinity Industries

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.