Ameritas Investment Partners Inc. reduced its position in Trinity Industries, Inc. (NYSE:TRN) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,538 shares of the transportation company’s stock after selling 17,200 shares during the period. Ameritas Investment Partners Inc.’s holdings in Trinity Industries were worth $1,313,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Mercantile Trust Co. lifted its position in shares of Trinity Industries by 10.9% in the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after buying an additional 570 shares in the last quarter. Sippican Capital Advisors purchased a new stake in Trinity Industries during the third quarter valued at approximately $211,000. Griffin Asset Management Inc. purchased a new stake in Trinity Industries during the third quarter valued at approximately $213,000. Pacad Investment Ltd. raised its position in Trinity Industries by 36.5% during the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after purchasing an additional 1,900 shares during the period. Finally, Dearborn Partners LLC purchased a new stake in Trinity Industries during the second quarter valued at approximately $209,000. Institutional investors own 82.46% of the company’s stock.

Trinity Industries, Inc. (NYSE TRN) traded up $0.48 on Thursday, hitting $37.36. The stock had a trading volume of 3,417,500 shares, compared to its average volume of 1,311,922. The company has a market capitalization of $5,670.00, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.48 and a beta of 2.26. Trinity Industries, Inc. has a 1 year low of $25.01 and a 1 year high of $38.25. 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 (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The company had revenue of $973.60 million for the quarter, compared to analysts’ expectations of $951.60 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Trinity Industries’s revenue was down 12.4% compared to the same quarter last year. sell-side analysts expect that Trinity Industries, Inc. will post 1.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 annualized dividend and a yield of 1.39%. Trinity Industries’s dividend payout ratio (DPR) is currently 34.67%.

Trinity Industries announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, August 17th. KeyCorp restated a “buy” rating and set a $41.00 price objective (up from $34.00) on shares of Trinity Industries in a research report on Monday, October 2nd. Stephens restated an “equal weight” rating and set a $35.00 price objective (up from $29.00) on shares of Trinity Industries in a research report on Tuesday, October 3rd. Buckingham Research upped their target price on Trinity Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Trinity Industries currently has a consensus rating of “Buy” and an average target price of $35.00.

In related news, major shareholder Valueact Capital Master Fund, bought 832,600 shares of the company’s stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $31.68 per share, with a total value of $26,376,768.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Holdings L.P. Valueact bought 300,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were bought at an average cost of $31.45 per share, for a total transaction of $9,435,000.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,722,237 shares of company stock worth $55,164,869. 2.00% of the stock is owned by insiders.

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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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