Raymond James Trust N.A. trimmed its holdings in Trinity Industries, Inc. (NYSE:TRN – Get Rating) by 35.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,645 shares of the transportation company’s stock after selling 5,736 shares during the quarter. Raymond James Trust N.A.’s holdings in Trinity Industries were worth $315,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Trinity Industries by 9.5% during the 3rd quarter. BlackRock Inc. now owns 13,460,769 shares of the transportation company’s stock worth $287,386,000 after buying an additional 1,166,966 shares during the period. Vanguard Group Inc. raised its stake in Trinity Industries by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,515,622 shares of the transportation company’s stock valued at $203,159,000 after purchasing an additional 849,142 shares during the last quarter. Jennison Associates LLC raised its stake in Trinity Industries by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 4,265,266 shares of the transportation company’s stock valued at $91,063,000 after purchasing an additional 815,420 shares during the last quarter. State Street Corp raised its stake in Trinity Industries by 8.5% during the 3rd quarter. State Street Corp now owns 2,882,231 shares of the transportation company’s stock valued at $61,536,000 after purchasing an additional 226,784 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Trinity Industries by 1,354.3% during the 1st quarter. Wellington Management Group LLP now owns 130,468 shares of the transportation company’s stock valued at $4,483,000 after purchasing an additional 121,497 shares during the last quarter. 86.23% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Jean Savage acquired 4,485 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of $22.29 per share, with a total value of $99,970.65. Following the acquisition, the chief executive officer now directly owns 189,876 shares in the company, valued at $4,232,336.04. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jean Savage acquired 4,485 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of $22.29 per share, with a total value of $99,970.65. Following the acquisition, the chief executive officer now directly owns 189,876 shares in the company, valued at $4,232,336.04. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Todd Maclin acquired 4,500 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were bought at an average cost of $21.19 per share, for a total transaction of $95,355.00. Following the acquisition, the director now owns 27,548 shares in the company, valued at $583,742.12. The disclosure for this purchase can be found here. Insiders bought 13,285 shares of company stock worth $295,043 in the last quarter. 1.20% of the stock is owned by corporate insiders.
Trinity Industries Stock Down 1.0 %
Trinity Industries (NYSE:TRN – Get Rating) last announced its earnings results on Tuesday, February 21st. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $591.20 million during the quarter, compared to analysts’ expectations of $786.03 million. Trinity Industries had a net margin of 3.04% and a return on equity of 6.26%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. On average, equities analysts anticipate that Trinity Industries, Inc. will post 1.67 earnings per share for the current year.
Trinity Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, April 13th. Trinity Industries’s dividend payout ratio (DPR) is currently 144.44%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Stephens cut their target price on shares of Trinity Industries from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. Susquehanna dropped their price objective on shares of 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 objective on shares of Trinity Industries from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, February 22nd. Finally, StockNews.com started coverage on shares of Trinity Industries in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.00.
About Trinity Industries
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
- Get a free copy of the StockNews.com research report on Trinity Industries (TRN)
- United Parcel Service Delivers A Warning To The Market
- Pulte Homes Is Hosting The Better, More Profitable Open House
- Virios Therapeutics Up 75% on Fibromyalgia Phase 3 Proposal
- A Top Is In For McDonald’s Corporation Stock
- Strong Demand Makes Cleveland-Cliffs an Undervalued Mid-Cap
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).
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.
