Los Angeles Capital Management LLC Raises Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Los Angeles Capital Management LLC boosted its stake in Trinity Industries, Inc. (NYSE:TRN) by 611.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,912 shares of the transportation company’s stock after purchasing an additional 44,615 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Trinity Industries were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Encompass Capital Advisors LLC purchased a new stake in shares of Trinity Industries during the 2nd quarter valued at $40,527,000. American Century Companies Inc. raised its position in Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after purchasing an additional 604,050 shares in the last quarter. Millennium Management LLC lifted its stake in Trinity Industries by 180.7% during the second 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 during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Trinity Industries in the 2nd quarter worth about $9,033,000. Finally, Algert Global LLC increased its position in shares of Trinity Industries by 1,344.0% during the 2nd quarter. Algert Global LLC now owns 132,125 shares of the transportation company’s stock valued at $3,953,000 after purchasing an additional 122,975 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their target price 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 1.1 %

TRN opened at $37.87 on Thursday. The company has a market cap of $3.11 billion, a P/E ratio of 18.47 and a beta of 1.39. Trinity Industries, Inc. has a 12 month low of $23.40 and a 12 month high of $38.69. The business’s 50-day moving average price is $34.40 and its 200-day moving average price is $32.19. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating 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 the consensus estimate of $696.00 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts expect that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 54.63%.

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.