Advisory Research Inc. Decreases Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Posted by on Mar 15th, 2023

Advisory Research Inc. reduced its holdings in shares of Trinity Industries, Inc. (NYSE:TRN – Get Rating) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,665 shares of the transportation company’s stock after selling 595 shares during the quarter. Advisory Research Inc. owned 0.08% of Trinity Industries worth $1,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRN. JPMorgan Chase & Co. boosted its stake in shares of Trinity Industries by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 154,487 shares of the transportation company’s stock valued at $5,308,000 after buying an additional 4,858 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Trinity Industries by 3.3% during the 1st quarter. HighTower Advisors LLC now owns 31,885 shares of the transportation company’s stock valued at $1,091,000 after buying an additional 1,006 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Trinity Industries during the 1st quarter valued at approximately $638,000. Bank of Montreal Can boosted its stake in shares of Trinity Industries by 1.8% during the 1st quarter. Bank of Montreal Can now owns 76,983 shares of the transportation company’s stock valued at $2,683,000 after buying an additional 1,340 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Trinity Industries by 38.4% during the 1st quarter. MetLife Investment Management LLC now owns 92,756 shares of the transportation company’s stock valued at $3,187,000 after buying an additional 25,728 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $23.31 on Wednesday. Trinity Industries, Inc. has a 1-year low of $20.94 and a 1-year high of $35.35. The business’s fifty day moving average price is $27.42 and its two-hundred day moving average price is $27.00. The firm has a market capitalization of $1.89 billion, a PE ratio of 32.38 and a beta of 1.40.

Trinity Industries (NYSE:TRN – Get Rating) last issued its earnings results on Tuesday, February 21st. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Trinity Industries had a return on equity of 6.26% and a net margin of 3.04%. The firm had revenue of $591.20 million for the quarter, compared to analyst estimates of $786.03 million. During the same period last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. Equities research analysts expect that Trinity Industries, Inc. will post 1.67 earnings per share for the current fiscal year.

Trinity Industries announced that its Board of Directors has authorized a stock buyback program on Thursday, December 8th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Thursday, April 13th. Trinity Industries’s dividend payout ratio is presently 144.44%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Susquehanna reduced their target price on Trinity Industries from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, March 7th. Wells Fargo & Company dropped their price target on Trinity Industries from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Stephens dropped their price target on Trinity Industries from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. Finally, TheStreet raised Trinity Industries from a “c+” rating to a “b” rating in a research report on Friday, November 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Trinity Industries has an average rating of “Hold” and a consensus price target of $28.00.

About Trinity Industries

(Get Rating)

Trinity Industries, Inc engages in the provision of rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services.

Featured Articles

Want to see what other hedge funds are holding TRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinity Industries, Inc. (NYSE:TRN – Get Rating).

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.