Illinois Municipal Retirement Fund Has $1.53 Million Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Illinois Municipal Retirement Fund trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,706 shares of the transportation company’s stock after selling 2,189 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Trinity Industries worth $1,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in Trinity Industries by 0.5% in the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock valued at $125,947,000 after buying an additional 18,851 shares in the last quarter. State Street Corp grew its holdings in Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after buying an additional 73,183 shares in the last quarter. Geode Capital Management LLC grew its holdings in Trinity Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock valued at $64,418,000 after buying an additional 24,832 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Trinity Industries by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 400,727 shares of the transportation company’s stock valued at $14,066,000 after acquiring an additional 10,293 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Trinity Industries by 8.2% during the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after acquiring an additional 27,870 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

NYSE:TRN opened at $31.04 on Friday. The stock has a fifty day moving average price of $35.73 and a 200-day moving average price of $35.16. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 18.93 and a beta of 1.40. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. Trinity Industries, Inc. has a fifty-two week low of $24.49 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.30 per share. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, January 15th. Trinity Industries’s dividend payout ratio is currently 73.17%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRN shares. The Goldman Sachs Group started coverage on Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price for the company. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

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.