Kempen Capital Management N.V. Purchases 31,269 Shares of Trinity Industries, Inc. (TRN)
Kempen Capital Management N.V. raised its position in Trinity Industries, Inc. (NYSE:TRN) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,925 shares of the transportation company’s stock after acquiring an additional 31,269 shares during the quarter. Kempen Capital Management N.V. owned 0.08% of Trinity Industries worth $3,390,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Trinity Industries by 5.3% in the first quarter. Vanguard Group Inc. now owns 12,267,243 shares of the transportation company’s stock valued at $325,695,000 after acquiring an additional 612,668 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Trinity Industries by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,934,005 shares of the transportation company’s stock valued at $130,998,000 after acquiring an additional 24,412 shares in the last quarter. State Street Corp grew its position in Trinity Industries by 1.8% in the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock valued at $108,071,000 after acquiring an additional 71,993 shares in the last quarter. Impala Asset Management LLC grew its position in Trinity Industries by 18.6% in the first quarter. Impala Asset Management LLC now owns 2,016,708 shares of the transportation company’s stock valued at $53,544,000 after acquiring an additional 316,694 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Trinity Industries by 2.4% in the first quarter. AQR Capital Management LLC now owns 1,841,895 shares of the transportation company’s stock valued at $48,902,000 after acquiring an additional 42,800 shares in the last quarter. 80.82% of the stock is owned by institutional investors.
In other Trinity Industries news, major shareholder Valueact Capital Master Fund, purchased 375,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $28.15 per share, with a total value of $10,556,250.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 100,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average cost of $27.38 per share, for a total transaction of $2,738,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,709,624 shares of company stock worth $48,298,143. Company insiders own 2.00% of the company’s stock.
Trinity Industries, Inc. (NYSE:TRN) traded up 0.7909% during mid-day trading on Monday, hitting $29.7938. 60,776 shares of the stock were exchanged. Trinity Industries, Inc. has a one year low of $20.80 and a one year high of $30.13. The company has a market cap of $4.51 billion, a P/E ratio of 18.3121 and a beta of 2.18. The company has a 50-day moving average price of $28.62 and a 200-day moving average price of $27.25.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to the consensus estimate of $947.40 million. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company’s revenue for the quarter was down 23.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts predict that Trinity Industries, Inc. will post $1.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, October 12th. Trinity Industries’s dividend payout ratio is currently 32.10%.
Several analysts have issued reports on the stock. Axiom Securities reaffirmed a “sell” rating on shares of Trinity Industries in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Trinity Industries from a “strong-buy” rating to a “hold” rating in a research report on Saturday. BidaskClub downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Buckingham Research assumed coverage on shares of Trinity Industries in a research report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Trinity Industries has a consensus rating of “Hold” and an average target price of $26.89.
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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