Trinity Industries, Inc. (NYSE:TRN – Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,210,000 shares, a decrease of 19.6% from the December 31st total of 2,750,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 521,600 shares, the days-to-cover ratio is presently 4.2 days.
Institutional Investors Weigh In On Trinity Industries
Large investors have recently bought and sold shares of the business. Matrix Trust Co acquired a new stake in Trinity Industries in the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in shares of Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. KBC Group NV raised its position in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the last quarter. CWM LLC boosted its position in Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock valued at $181,000 after buying an additional 609 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Trinity Industries in the 3rd quarter valued at $204,000. 86.57% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
TRN has been the topic of several research reports. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group assumed coverage on Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective for the company. Finally, Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Monday, October 21st.
Trinity Industries Stock Performance
NYSE TRN opened at $37.77 on Thursday. Trinity Industries has a twelve month low of $23.67 and a twelve month high of $39.83. 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 stock has a market cap of $3.10 billion, a P/E ratio of 18.42 and a beta of 1.40. The company’s 50-day simple moving average is $36.91 and its 200 day simple moving average is $34.87.
Trinity Industries (NYSE:TRN – Get Free Report) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $798.80 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.26 EPS. As a group, research analysts forecast that Trinity Industries will post 1.75 earnings per share 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 paid a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s payout ratio is 58.54%.
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.
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