Aperio Group LLC Has $2.03 Million Position in Trinity Industries, Inc. (TRN)
Aperio Group LLC decreased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,707 shares of the transportation company’s stock after selling 2,381 shares during the quarter. Aperio Group LLC’s holdings in Trinity Industries were worth $2,032,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of TRN. Janus Henderson Group PLC bought a new stake in Trinity Industries during the second quarter valued at $108,733,000. Jennison Associates LLC raised its holdings in shares of Trinity Industries by 124.9% during the second quarter. Jennison Associates LLC now owns 928,230 shares of the transportation company’s stock valued at $26,018,000 after purchasing an additional 515,568 shares during the period. Ardevora Asset Management LLP raised its holdings in shares of Trinity Industries by 24.5% during the second quarter. Ardevora Asset Management LLP now owns 1,303,800 shares of the transportation company’s stock valued at $36,546,000 after purchasing an additional 256,500 shares during the period. Public Sector Pension investment Board acquired a new stake in shares of Trinity Industries in the 2nd quarter worth about $5,606,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Trinity Industries in the 2nd quarter worth about $5,606,000. 80.14% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Trinity Industries, Inc. (NYSE TRN) opened at $32.81 on Tuesday. The firm has a market cap of $4,945.11, a PE ratio of 21.72, a PEG ratio of 2.19 and a beta of 2.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. Trinity Industries, Inc. has a 52 week low of $25.01 and a 52 week high of $35.97.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The firm had revenue of $973.60 million for the quarter, compared to analyst estimates of $951.60 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. sell-side analysts forecast that Trinity Industries, Inc. will post 1.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.58%. Trinity Industries’s payout ratio is 34.67%.
In other Trinity Industries news, major shareholder Valueact Capital Master Fund, bought 375,000 shares of Trinity Industries stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $28.15 per share, with a total value of $10,556,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings L.P. Valueact purchased 300,000 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was purchased at an average price of $31.45 per share, with a total value of $9,435,000.00. The disclosure for this purchase can be found here. Insiders have bought 2,258,333 shares of company stock valued at $67,928,765 over the last three months. 2.00% of the stock is owned by corporate insiders.
Several research firms have commented on TRN. ValuEngine lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stephens reissued an “equal weight” rating and set a $35.00 target price (up from $29.00) on shares of Trinity Industries in a research report on Tuesday, October 3rd. Cowen and Company raised their price objective on shares of Trinity Industries from $31.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, October 5th. Zacks Investment Research downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Susquehanna Bancshares Inc raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $34.13.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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