First Dallas Securities Inc. Has $1.75 Million Position in Trinity Industries, Inc. (TRN)
First Dallas Securities Inc. cut its stake in Trinity Industries, Inc. (NYSE:TRN) by 22.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,919 shares of the transportation company’s stock after selling 16,162 shares during the period. Trinity Industries accounts for 1.2% of First Dallas Securities Inc.’s investment portfolio, making the stock its 23rd largest holding. First Dallas Securities Inc.’s holdings in Trinity Industries were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. First Mercantile Trust Co. boosted its holdings in Trinity Industries by 10.9% in the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 570 shares during the last quarter. Pacad Investment Ltd. boosted its holdings in Trinity Industries by 36.5% in the second quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 1,900 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Trinity Industries during the 2nd quarter worth approximately $205,000. Quantitative Systematic Strategies LLC bought a new position in shares of Trinity Industries during the 2nd quarter worth approximately $208,000. Finally, Dearborn Partners LLC bought a new position in shares of Trinity Industries during the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 80.14% of the company’s stock.
Shares of Trinity Industries, Inc. (TRN) traded up $0.43 during trading hours on Thursday, hitting $33.27. The stock had a trading volume of 501,166 shares, compared to its average volume of 1,289,942. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.70 and a quick ratio of 2.62. Trinity Industries, Inc. has a one year low of $25.01 and a one year high of $35.97. The firm has a market capitalization of $4,980.00, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.22 and a beta of 2.25.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $951.60 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Trinity Industries’s revenue for the quarter was down 12.4% on a year-over-year basis. research analysts anticipate that Trinity Industries, Inc. will post 1.49 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Thursday, October 12th. Trinity Industries’s payout ratio is 34.67%.
A number of equities 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 target on the stock in a report on Thursday, August 17th. Cowen and Company restated a “buy” rating and set a $31.00 price target on shares of Trinity Industries in a report on Monday, August 28th. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and set a $42.00 price target (up from $31.00) on shares of Trinity Industries in a report on Sunday, October 1st. Finally, BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $34.13.
In other news, major shareholder Valueact Capital Master Fund, bought 375,000 shares of the stock in a transaction dated 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact bought 300,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were purchased 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. Insiders have bought 2,405,333 shares of company stock worth $74,536,575 over the last ninety days. 2.00% of the stock is owned by insiders.
Trinity Industries Company 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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