Brasada Capital Management LP purchased a new stake in Trinity Industries Inc (NYSE:TRN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,000 shares of the transportation company’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRN. Principal Financial Group Inc. increased its stake in Trinity Industries by 2.0% in the first quarter. Principal Financial Group Inc. now owns 658,220 shares of the transportation company’s stock valued at $21,477,000 after purchasing an additional 13,073 shares during the period. State of Alaska Department of Revenue increased its stake in Trinity Industries by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 16,520 shares of the transportation company’s stock valued at $565,000 after purchasing an additional 4,720 shares during the period. Bank of Montreal Can acquired a new position in Trinity Industries in the second quarter valued at $2,498,000. Fox Run Management L.L.C. acquired a new position in Trinity Industries in the second quarter valued at $759,000. Finally, Assenagon Asset Management S.A. acquired a new position in Trinity Industries in the second quarter valued at $5,699,000. Institutional investors own 81.91% of the company’s stock.

Shares of Trinity Industries stock opened at $21.74 on Friday. Trinity Industries Inc has a 52-week low of $20.65 and a 52-week high of $39.35. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.06 billion, a PE ratio of 14.30, a PEG ratio of 1.29 and a beta of 2.25.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Trinity Industries had a return on equity of 5.38% and a net margin of 18.57%. The firm had revenue of $930.90 million for the quarter, compared to analyst estimates of $969.60 million. During the same quarter last year, the firm earned $0.43 earnings per share. Equities analysts anticipate that Trinity Industries Inc will post 1.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. Trinity Industries’s dividend payout ratio (DPR) is 34.21%.

TRN has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, October 5th. Mizuho set a $40.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a research note on Tuesday, October 30th. Buckingham Research lifted their price objective on shares of Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Cowen restated a “buy” rating and issued a $47.00 price objective on shares of Trinity Industries in a research note on Thursday, November 1st. Finally, ValuEngine lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.22.

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Trinity Industries Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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