Tudor Investment Corp ET AL Invests $5.61 Million in Trinity Industries, Inc. (TRN) Stock
Tudor Investment Corp ET AL acquired a new stake in Trinity Industries, Inc. (NYSE:TRN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 200,000 shares of the transportation company’s stock, valued at approximately $5,606,000. Tudor Investment Corp ET AL owned 0.13% of Trinity Industries at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the business. World Asset Management Inc grew its stake in Trinity Industries by 1.3% in the 1st quarter. World Asset Management Inc now owns 10,820 shares of the transportation company’s stock valued at $287,000 after purchasing an additional 134 shares during the period. CENTRAL TRUST Co grew its stake in Trinity Industries by 1.3% in the 2nd quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 161 shares during the period. Stephens Inc. AR grew its stake in Trinity Industries by 3.0% in the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after purchasing an additional 279 shares during the period. American Asset Management Inc. grew its stake in Trinity Industries by 3.4% in the 2nd quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after purchasing an additional 310 shares during the period. Finally, Alpha Windward LLC grew its stake in Trinity Industries by 2.2% in the 2nd quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.
Trinity Industries, Inc. (TRN) traded up 2.31% on Friday, hitting $31.90. The stock had a trading volume of 2,630,537 shares. The firm has a 50-day moving average of $28.75 and a 200 day moving average of $27.29. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.61 and a beta of 2.18. Trinity Industries, Inc. has a 52 week low of $20.80 and a 52 week high of $32.29.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. Trinity Industries’s revenue for the quarter was down 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, analysts predict that Trinity Industries, Inc. will post $1.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 12th. Trinity Industries’s dividend payout ratio (DPR) is presently 32.10%.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup Inc. upgraded Trinity Industries from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Friday. ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen and Company restated a “buy” rating and issued a $31.00 price objective on shares of Trinity Industries in a research note on Monday, August 28th. Finally, BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.63.
In related news, major shareholder Valueact Capital Master Fund, purchased 403,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $28.48 per share, with a total value of $11,477,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 7,114 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $28.50 per share, with a total value of $202,749.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,709,624 shares of company stock valued at $48,298,143. 2.00% of the stock is owned by company insiders.
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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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