Royce & Associates LP Boosts Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Royce & Associates LP raised its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 8.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 367,421 shares of the transportation company’s stock after purchasing an additional 27,870 shares during the period. Royce & Associates LP owned 0.45% of Trinity Industries worth $12,801,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Trinity Industries by 0.4% in the 1st quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock valued at $241,659,000 after buying an additional 31,313 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Trinity Industries in the 2nd quarter worth approximately $40,527,000. American Century Companies Inc. boosted its stake in Trinity Industries by 136.2% in the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after purchasing an additional 604,050 shares in the last quarter. Millennium Management LLC boosted its stake in Trinity Industries by 180.7% in the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after purchasing an additional 529,857 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Trinity Industries by 5.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock worth $14,986,000 after purchasing an additional 26,300 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TRN. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Trinity Industries Stock Down 0.4 %

Shares of NYSE:TRN opened at $37.22 on Friday. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The firm has a market capitalization of $3.06 billion, a PE ratio of 18.16 and a beta of 1.39. The firm’s 50-day moving average is $34.62 and its two-hundred day moving average is $32.34. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $38.69.

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

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.01%. Trinity Industries’s dividend payout ratio (DPR) is 54.63%.

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.