Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp trimmed its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 4.5% in the third quarter, Holdings Channel reports. The fund owned 7,070 shares of the transportation company’s stock after selling 333 shares during the period. Heritage Investors Management Corp’s holdings in Trinity Industries were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TRN. BNP Paribas Financial Markets lifted its holdings in shares of Trinity Industries by 43.0% in the 1st quarter. BNP Paribas Financial Markets now owns 44,125 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 13,267 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Trinity Industries in the 1st quarter valued at approximately $330,000. Choreo LLC acquired a new stake in shares of Trinity Industries in the 1st quarter valued at approximately $201,000. Texas Permanent School Fund Corp lifted its holdings in shares of Trinity Industries by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock valued at $1,956,000 after buying an additional 574 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Trinity Industries in the 1st quarter valued at approximately $258,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Price Performance

TRN stock opened at $33.82 on Wednesday. The stock has a 50-day moving average price of $33.81 and a two-hundred day moving average price of $31.78. Trinity Industries, Inc. has a 12-month low of $22.92 and a 12-month high of $37.04. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. The company has a market cap of $2.78 billion, a PE ratio of 16.50 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is 54.63%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $35.00 in a report on Monday, October 21st.

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.