TCTC Holdings LLC Sells 4,195 Shares of Trinity Industries, Inc. (NYSE:TRN)

TCTC Holdings LLC cut its stake in Trinity Industries, Inc. (NYSE:TRN) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 522,409 shares of the transportation company’s stock after selling 4,195 shares during the quarter. TCTC Holdings LLC owned about 0.63% of Trinity Industries worth $18,201,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TRN. Encompass Capital Advisors LLC purchased a new stake in Trinity Industries in the 2nd quarter valued at about $40,527,000. American Century Companies Inc. boosted its holdings in shares of Trinity Industries by 136.2% in the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after purchasing an additional 604,050 shares during the period. Millennium Management LLC boosted its holdings in shares of Trinity Industries by 180.7% in the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock valued at $24,625,000 after purchasing an additional 529,857 shares during the period. Cubist Systematic Strategies LLC bought a new position in Trinity Industries in the second quarter worth approximately $9,033,000. Finally, Algert Global LLC increased its holdings in Trinity Industries by 1,344.0% during the 2nd quarter. Algert Global LLC now owns 132,125 shares of the transportation company’s stock worth $3,953,000 after purchasing an additional 122,975 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and increased their price objective for the company from $34.00 to $35.00 in a report on Monday, October 21st.

Trinity Industries Trading Up 0.8 %

TRN stock opened at $37.14 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 18.12 and a beta of 1.39. Trinity Industries, Inc. has a 52-week low of $22.99 and a 52-week high of $37.54. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The company’s 50-day simple moving average is $34.06 and its 200-day simple moving average is $31.92.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter last year, the business posted $0.26 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.02%. Trinity Industries’s payout ratio is 54.63%.

Trinity Industries 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.