Intech Investment Management LLC Makes New $572,000 Investment in Trinity Industries, Inc. (NYSE:TRN)

Intech Investment Management LLC acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,431 shares of the transportation company’s stock, valued at approximately $572,000.

A number of other hedge funds have also recently modified their holdings of TRN. Matrix Trust Co purchased a new position in Trinity Industries during the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its stake in shares of Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Trinity Industries during the second quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new stake in shares of Trinity Industries in the 2nd quarter worth approximately $54,000. Finally, CWM LLC grew its stake in shares of Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after buying an additional 609 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRN. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. Finally, The Goldman Sachs Group started coverage on shares of Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target on the stock.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $37.70 on Monday. The firm has a market cap of $3.10 billion, a P/E ratio of 18.39 and a beta of 1.39. Trinity Industries, Inc. has a twelve month low of $23.40 and a twelve month high of $38.69. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The company has a 50 day moving average of $35.70 and a 200 day moving average of $32.84.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million during the quarter, compared to analysts’ expectations of $696.00 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. As a group, research analysts expect 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. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries’s payout ratio is presently 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.