Everence Capital Management Inc. Sells 1,760 Shares of Trinity Industries, Inc. (NYSE:TRN)

Everence Capital Management Inc. reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 13.1% in the 4th quarter, HoldingsChannel reports. The firm owned 11,670 shares of the transportation company’s stock after selling 1,760 shares during the period. Everence Capital Management Inc.’s holdings in Trinity Industries were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after acquiring an additional 73,183 shares during the last quarter. Geode Capital Management LLC increased its holdings in Trinity Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock valued at $64,418,000 after purchasing an additional 24,832 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in Trinity Industries in the 2nd quarter valued at $40,527,000. American Century Companies Inc. boosted its stake in Trinity Industries by 136.2% in the second 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. Finally, Millennium Management LLC grew its holdings in shares of 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. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Price Performance

Trinity Industries stock opened at $35.94 on Monday. The business’s 50-day simple moving average is $36.56 and its 200 day simple moving average is $33.92. 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 stock has a market cap of $2.95 billion, a price-to-earnings ratio of 17.53 and a beta of 1.40. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $39.00.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $696.00 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 3.34%. Trinity Industries’s dividend payout ratio (DPR) is 58.54%.

Analyst Ratings Changes

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

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.