GAM Holding AG lifted its position in shares of Trinity Industries Inc (NYSE:TRN) by 62.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,391 shares of the transportation company’s stock after acquiring an additional 11,283 shares during the period. GAM Holding AG’s holdings in Trinity Industries were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in TRN. First Hawaiian Bank bought a new stake in Trinity Industries in the 1st quarter worth approximately $62,000. Private Capital Group LLC grew its position in Trinity Industries by 45.3% in the 1st quarter. Private Capital Group LLC now owns 2,975 shares of the transportation company’s stock worth $65,000 after purchasing an additional 927 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Trinity Industries by 62.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock worth $83,000 after acquiring an additional 1,463 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Trinity Industries during the 4th quarter worth $84,000. Finally, Dupont Capital Management Corp purchased a new position in shares of Trinity Industries during the 1st quarter worth $148,000. 88.56% of the stock is owned by institutional investors.
Shares of Trinity Industries stock opened at $20.28 on Wednesday. The firm has a market cap of $2.70 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.52 and a beta of 2.00. Trinity Industries Inc has a 1-year low of $18.99 and a 1-year high of $39.35. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.86 and a current ratio of 2.02.
Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The company had revenue of $604.80 million for the quarter, compared to analysts’ expectations of $660.72 million. During the same quarter in the previous year, the company earned $0.30 EPS. Trinity Industries’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts expect that Trinity Industries Inc will post 1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio (DPR) is 85.00%.
In related news, insider Brian D. Madison sold 2,157 shares of Trinity Industries stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total transaction of $45,081.30. Following the transaction, the insider now owns 58,345 shares in the company, valued at approximately $1,219,410.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 18.50% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on the stock. Cowen reiterated a “buy” rating and set a $30.00 price target on shares of Trinity Industries in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, February 26th. Mizuho reiterated a “buy” rating and set a $32.00 price target on shares of Trinity Industries in a research note on Tuesday, February 26th. Buckingham Research cut shares of Trinity Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $26.00 in a research note on Friday, March 22nd. Finally, Stephens set a $24.00 price target on shares of Trinity Industries and gave the stock a “hold” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.44.
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About Trinity Industries
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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