First National Bank of Mount Dora Trust Investment Services Has $357,000 Position in Trinity Industries, Inc. (NYSE:TRN)

First National Bank of Mount Dora Trust Investment Services lessened its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 10.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,166 shares of the transportation company’s stock after selling 1,238 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Trinity Industries were worth $357,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in shares of Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after acquiring an additional 73,183 shares during the period. HighTower Advisors LLC raised its holdings in Trinity Industries by 125.9% during the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after buying an additional 31,758 shares during the last quarter. Intech Investment Management LLC acquired a new position in Trinity Industries during the third quarter worth $572,000. Royce & Associates LP raised its holdings in Trinity Industries by 8.2% during the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after buying an additional 27,870 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Trinity Industries during the second quarter worth $1,049,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective on the stock.

Trinity Industries Stock Performance

Shares of TRN stock opened at $38.26 on Friday. The firm has a 50-day moving average of $36.78 and a 200-day moving average of $34.32. The company has a market cap of $3.14 billion, a P/E ratio of 18.66 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $39.00.

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

Trinity Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio is currently 54.63%.

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.