Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,657 shares of the transportation company’s stock after selling 696 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Trinity Industries were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in TRN. TFO Wealth Partners LLC grew its position in shares of Trinity Industries by 22,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after buying an additional 1,118 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $32,000. Northwest Bank & Trust Co acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $66,000. Criterion Capital Advisors LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $76,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Trinity Industries during the first quarter worth approximately $111,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TRN shares. TD Cowen lifted their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Susquehanna lifted their price objective on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Trinity Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Activity at Trinity Industries

In related news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at $6,746,640. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Trinity Industries Stock Performance

TRN stock opened at $29.50 on Monday. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 19.81 and a beta of 1.41. Trinity Industries, Inc. has a 1 year low of $20.04 and a 1 year high of $32.00. The stock’s fifty day moving average is $30.11 and its two-hundred day moving average is $27.61.

Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $809.60 million for the quarter, compared to analysts’ expectations of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, research analysts predict that Trinity Industries, Inc. will post 1.45 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Monday, July 15th. Trinity Industries’s dividend payout ratio is currently 75.17%.

Trinity Industries Company 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.