Trinity Industries, Inc. (NYSE:TRN) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Trinity Industries, Inc. (NYSE:TRN) by 35.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,014 shares of the transportation company’s stock after purchasing an additional 3,147 shares during the quarter. Teacher Retirement System of Texas’ holdings in Trinity Industries were worth $337,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Trinity Industries by 1,142.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company’s stock valued at $2,391,000 after acquiring an additional 78,341 shares during the period. Fifth Third Bancorp lifted its holdings in Trinity Industries by 3,212.1% in the 1st quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company’s stock worth $337,000 after buying an additional 11,660 shares in the last quarter. SG Americas Securities LLC acquired a new position in Trinity Industries in the 1st quarter worth $404,000. GAMMA Investing LLC lifted its holdings in Trinity Industries by 1,303.0% in the 1st quarter. GAMMA Investing LLC now owns 17,818 shares of the transportation company’s stock worth $500,000 after buying an additional 16,548 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Trinity Industries in the 4th quarter worth $434,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

TRN opened at $26.30 on Friday. The company has a 50-day moving average of $26.67 and a 200-day moving average of $29.46. The company has a market capitalization of $2.15 billion, a P/E ratio of 16.23 and a beta of 1.45. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.87 and a current ratio of 1.70.

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

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 74.07%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRN. The Goldman Sachs Group cut their price objective 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 cut their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd.

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.