Los Angeles Capital Management & Equity Research Inc. lessened its holdings in Trinity Industries, Inc. (NYSE:TRN) by 50.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,935 shares of the transportation company’s stock after selling 130,710 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.09% of Trinity Industries worth $3,642,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Suntrust Banks Inc. increased its holdings in Trinity Industries by 0.3% in the first quarter. Suntrust Banks Inc. now owns 34,859 shares of the transportation company’s stock valued at $924,000 after buying an additional 93 shares during the last quarter. World Asset Management Inc increased its holdings in Trinity Industries by 1.3% in the first quarter. World Asset Management Inc now owns 10,820 shares of the transportation company’s stock valued at $287,000 after buying an additional 134 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Trinity Industries by 1.3% in the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after buying an additional 161 shares during the last quarter. American Asset Management Inc. increased its holdings in Trinity Industries by 3.4% in the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after buying an additional 310 shares during the last quarter. Finally, Alpha Windward LLC increased its holdings in Trinity Industries by 2.2% in the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after buying an additional 360 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries, Inc. (TRN) opened at 29.47 on Thursday. Trinity Industries, Inc. has a 1-year low of $20.80 and a 1-year high of $30.13. The firm has a 50-day moving average of $28.46 and a 200 day moving average of $27.20. The firm has a market cap of $4.46 billion, a P/E ratio of 18.11 and a beta of 2.18.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. On average, analysts predict that Trinity Industries, Inc. will post $1.25 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is 32.10%.

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Several equities analysts recently commented on the company. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a report on Thursday, July 13th. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, August 17th. TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a report on Monday, August 14th. Cowen and Company reissued a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a report on Monday, August 28th. Finally, BidaskClub lowered Trinity Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Trinity Industries presently has an average rating of “Hold” and a consensus price target of $26.89.

In other news, major shareholder Holdings L.P. Valueact purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $27.38 per share, with a total value of $2,738,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Valueact Capital Master Fund, purchased 60,819 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average cost of $28.39 per share, for a total transaction of $1,726,651.41. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,709,624 shares of company stock worth $48,298,143 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Trinity Industries Profile

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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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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