Schroder Investment Management Group Reduces Holdings in Trinity Industries, Inc. (TRN)
Schroder Investment Management Group trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 38.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,922 shares of the transportation company’s stock after selling 13,895 shares during the period. Schroder Investment Management Group’s holdings in Trinity Industries were worth $684,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TRN. Stephens Inc. AR raised its stake in shares of Trinity Industries by 3.0% in the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock worth $271,000 after buying an additional 279 shares during the period. American Asset Management Inc. raised its stake in shares of Trinity Industries by 3.4% in the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock worth $263,000 after buying an additional 310 shares during the period. Utah Retirement Systems raised its stake in shares of Trinity Industries by 1.5% in the second quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock worth $771,000 after buying an additional 400 shares during the period. First Mercantile Trust Co. raised its stake in shares of Trinity Industries by 10.9% in the second quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock worth $163,000 after buying an additional 570 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Trinity Industries by 0.7% in the second quarter. Prudential Financial Inc. now owns 94,478 shares of the transportation company’s stock worth $2,648,000 after buying an additional 660 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on TRN shares. UBS raised Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Trinity Industries in a research note on Sunday, October 1st. Finally, Susquehanna Bancshares raised Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.00.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. The company had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. equities research analysts predict that Trinity Industries, Inc. will post 1.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.
Trinity Industries declared that its board has authorized a stock repurchase plan on Tuesday, December 12th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Trinity Industries news, major shareholder Holdings L.P. Valueact bought 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average price of $31.45 per share, with a total value of $9,435,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Valueact Capital Master Fund, purchased 832,600 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $31.68 per share, with a total value of $26,376,768.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,722,237 shares of company stock worth $55,164,869 in the last three months. 2.00% of the stock is owned by corporate 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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