NWQ Investment Management Company LLC raised its holdings in shares of Trinity Industries Inc (NYSE:TRN) by 337.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712,335 shares of the transportation company’s stock after purchasing an additional 1,320,972 shares during the period. NWQ Investment Management Company LLC owned 1.13% of Trinity Industries worth $64,144,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Trinity Industries during the 4th quarter valued at approximately $137,000. Cigna Investments Inc. New bought a new position in Trinity Industries during the 4th quarter valued at approximately $202,000. OLD National Bancorp IN bought a new position in Trinity Industries during the 4th quarter valued at approximately $204,000. Wellington Shields Capital Management LLC bought a new position in Trinity Industries during the 4th quarter valued at approximately $210,000. Finally, Tocqueville Asset Management L.P. bought a new position in Trinity Industries during the 4th quarter valued at approximately $215,000. 87.44% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on TRN shares. Cowen upped their price target on Trinity Industries from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered Trinity Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Susquehanna Bancshares upped their price target on Trinity Industries from $40.00 to $52.00 and gave the company a “positive” rating in a research report on Tuesday, February 20th. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Seaport Global Securities initiated coverage on Trinity Industries in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.75.
Trinity Industries Inc (NYSE:TRN) opened at $33.74 on Monday. Trinity Industries Inc has a 52-week low of $25.01 and a 52-week high of $38.25. The stock has a market capitalization of $5,120.00, a P/E ratio of 24.27, a PEG ratio of 2.55 and a beta of 2.04. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.47 and a quick ratio of 2.43.
Trinity Industries (NYSE:TRN) last announced its earnings results on Wednesday, February 21st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Trinity Industries had a return on equity of 5.34% and a net margin of 19.15%. The firm had revenue of $906.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The business’s revenue was down 17.9% compared to the same quarter last year. research analysts expect that Trinity Industries Inc will post 1.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be paid a $0.13 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.54%. Trinity Industries’s payout ratio is currently 37.41%.
Trinity Industries announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 12th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
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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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