Trinity Industries, Inc. (TRN) Stake Decreased by Afam Capital Inc.
Afam Capital Inc. cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,847 shares of the transportation company’s stock after selling 475 shares during the period. Afam Capital Inc. owned about 0.07% of Trinity Industries worth $3,163,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co grew its stake in shares of Trinity Industries by 1.3% during the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after acquiring an additional 161 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Trinity Industries by 3.0% during the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after acquiring an additional 279 shares in the last quarter. American Asset Management Inc. grew its stake in shares of Trinity Industries by 3.4% during the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after acquiring an additional 310 shares in the last quarter. Alpha Windward LLC grew its stake in shares of Trinity Industries by 2.2% during the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 360 shares in the last quarter. Finally, Utah Retirement Systems grew its stake in shares of Trinity Industries by 1.5% during the second quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock valued at $771,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 80.82% of the company’s stock.
Trinity Industries, Inc. (TRN) traded down 0.53% during trading on Friday, reaching $34.01. The company had a trading volume of 711,449 shares. The stock has a market cap of $5.15 billion, a P/E ratio of 20.90 and a beta of 2.19. The firm has a 50-day moving average price of $31.15 and a 200 day moving average price of $28.15. Trinity Industries, Inc. has a 12-month low of $20.80 and a 12-month high of $35.97.
Trinity Industries (NYSE:TRN) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. The business’s revenue was down 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Equities research analysts predict that Trinity Industries, Inc. will post $1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.53%. Trinity Industries’s payout ratio is 32.10%.
Several analysts have recently weighed in on the company. Cowen and Company raised their target price on Trinity Industries from $31.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Stephens restated an “equal weight” rating and set a $35.00 target price (up from $29.00) on shares of Trinity Industries in a research note on Tuesday, October 3rd. ValuEngine downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Buckingham Research raised 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, KeyCorp restated a “buy” rating and set a $41.00 target price (up from $34.00) on shares of Trinity Industries in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $34.25.
In related news, major shareholder Valueact Capital Master Fund, acquired 202,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $28.47 per share, for a total transaction of $5,765,175.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 167,395 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $27.51 per share, for a total transaction of $4,605,036.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,709,624 shares of company stock worth $48,298,143. Insiders own 2.00% of the company’s stock.
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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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