Healthcare of Ontario Pension Plan Trust Fund Has $5.90 Million Stock Holdings in Trinity Industries, Inc. $TRN

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 25.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,231 shares of the transportation company’s stock after selling 63,625 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.23% of Trinity Industries worth $5,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Trinity Industries by 24.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock worth $41,000 after buying an additional 298 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Trinity Industries by 8.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,567 shares of the transportation company’s stock worth $179,000 after acquiring an additional 427 shares during the last quarter. Royal Bank of Canada increased its position in Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 457 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Trinity Industries by 94.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock worth $27,000 after acquiring an additional 494 shares during the period. Finally, Cerity Partners LLC raised its stake in Trinity Industries by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Susquehanna boosted their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trinity Industries presently has an average rating of “Hold” and a consensus price target of $35.50.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $36.62 on Thursday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 11.74 and a beta of 1.36. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $38.31. The business has a fifty day simple moving average of $34.72 and a 200 day simple moving average of $32.91. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 4.70.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $492.00 million for the quarter, compared to the consensus estimate of $538.87 million. Trinity Industries had a net margin of 12.37% and a return on equity of 21.86%. The business’s revenue was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. Sell-side analysts expect that Trinity Industries, Inc. will post 2.3 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, July 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 39.74%.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.