First Eagle Investment Management LLC Maintains Stake in Trinity Industries Inc. (TRN)
First Eagle Investment Management LLC held its position in Trinity Industries Inc. (NYSE:TRN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,200 shares of the company’s stock at the end of the third quarter. First Eagle Investment Management LLC owned about 0.10% of Trinity Industries worth $3,608,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRN. MU Investments Co. Ltd. acquired a new position in Trinity Industries during the second quarter worth $112,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Trinity Industries during the second quarter worth about $126,000. Advisor Group Inc. purchased a new stake in shares of Trinity Industries during the second quarter worth about $133,000. TCI Wealth Advisors Inc. increased its stake in shares of Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the company’s stock worth $133,000 after buying an additional 27 shares in the last quarter. Finally, Seven Bridges Advisors LLC purchased a new stake in shares of Trinity Industries during the third quarter worth about $138,000. 76.89% of the stock is currently owned by institutional investors and hedge funds.
Trinity Industries Inc. (NYSE:TRN) traded up 3.08% during trading on Wednesday, hitting $27.79. 1,905,318 shares of the company’s stock traded hands. The stock has a market cap of $4.23 billion, a P/E ratio of 8.93 and a beta of 2.10. The firm’s 50-day moving average price is $24.11 and its 200 day moving average price is $22.12. Trinity Industries Inc. has a 12-month low of $14.94 and a 12-month high of $28.14.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The business had revenue of $1.11 billion for the quarter. Trinity Industries had a net margin of 9.46% and a return on equity of 11.37%. The business’s quarterly revenue was down 27.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 EPS. Analysts anticipate that Trinity Industries Inc. will post $2.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Wednesday, October 12th. Trinity Industries’s payout ratio is 14.15%.
A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Trinity Industries from $19.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a report on Saturday. Zacks Investment Research upgraded shares of Trinity Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 1st. KeyCorp restated a “buy” rating and set a $28.00 price target on shares of Trinity Industries in a report on Monday, October 3rd. Finally, assumed coverage on shares of Trinity Industries in a report on Friday, September 30th. They set an “underperform” rating and a $26.00 price target for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.22.
In other news, major shareholder Valueact Capital Master Fund, acquired 461,605 shares of Trinity Industries stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average price of $21.17 per share, with a total value of $9,772,177.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical 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; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
Receive News & Stock Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related stocks with our FREE daily email newsletter.