Quest Partners LLC Sells 11,398 Shares of Trinity Industries, Inc. (NYSE:TRN)

Quest Partners LLC decreased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 53.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,843 shares of the transportation company’s stock after selling 11,398 shares during the quarter. Quest Partners LLC’s holdings in Trinity Industries were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Encompass Capital Advisors LLC bought a new position in shares of Trinity Industries during the 2nd quarter worth $40,527,000. American Century Companies Inc. grew its position in shares of Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after buying an additional 604,050 shares in the last quarter. Millennium Management LLC grew its position in shares of Trinity Industries by 180.7% during the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after buying an additional 529,857 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Trinity Industries by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock valued at $14,986,000 after purchasing an additional 26,300 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Trinity Industries by 8.2% during the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after purchasing an additional 27,870 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Trading Up 0.9 %

Trinity Industries stock opened at $37.87 on Tuesday. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $38.69. The stock has a market cap of $3.11 billion, a PE ratio of 18.47 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a 50-day moving average of $35.28 and a two-hundred day moving average of $32.61.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $798.80 million during 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 company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. On average, research analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries’s dividend payout ratio is currently 54.63%.

Analyst Ratings Changes

TRN has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective on the stock. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and increased their price target for the company from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.