Clearline Capital LP bought a new position in shares of Trinity Industries Inc (NYSE:TRN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,473 shares of the transportation company’s stock, valued at approximately $2,228,000. Trinity Industries makes up 1.2% of Clearline Capital LP’s investment portfolio, making the stock its 23rd largest holding.
Other large investors have also made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of Trinity Industries during the 4th quarter worth approximately $137,000. Cigna Investments Inc. New acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $202,000. OLD National Bancorp IN acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $204,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries during the 4th quarter worth approximately $210,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Trinity Industries during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.
In other news, major shareholder Holdings L.P. Valueact bought 350,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $32.85 per share, with a total value of $11,497,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Valueact Capital Master Fund, bought 306,343 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average cost of $32.99 per share, with a total value of $10,106,255.57. The disclosure for this purchase can be found here. Insiders have bought 976,882 shares of company stock valued at $32,124,543 in the last ninety days. Insiders own 2.00% of the company’s stock.
Shares of Trinity Industries Inc (NYSE:TRN) opened at $33.50 on Tuesday. Trinity Industries Inc has a 52-week low of $25.01 and a 52-week high of $38.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.47 and a quick ratio of 2.43. The firm has a market cap of $5,080.00, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.55 and a beta of 2.04.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, February 21st. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The firm had revenue of $906.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 17.9% on a year-over-year basis. equities research analysts expect that Trinity Industries Inc will post 1.33 EPS for the current fiscal year.
Trinity Industries declared that its Board of Directors has authorized a share repurchase program 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. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 12th. Trinity Industries’s payout ratio is currently 37.41%.
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Trinity Industries 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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