Cornerstone Capital Management Holdings LLC. lifted its holdings in Trinity Industries Inc (NYSE:TRN) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 794,670 shares of the transportation company’s stock after acquiring an additional 43,618 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.52% of Trinity Industries worth $29,767,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in TRN. ValueAct Holdings L.P. increased its position in shares of Trinity Industries by 10.7% in the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after acquiring an additional 1,672,510 shares in the last quarter. NWQ Investment Management Company LLC increased its position in shares of Trinity Industries by 337.5% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,712,335 shares of the transportation company’s stock worth $64,144,000 after acquiring an additional 1,320,972 shares in the last quarter. Jennison Associates LLC increased its position in shares of Trinity Industries by 98.8% in the fourth quarter. Jennison Associates LLC now owns 2,127,208 shares of the transportation company’s stock worth $79,685,000 after acquiring an additional 1,056,986 shares in the last quarter. Lomas Capital Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter worth $29,273,000. Finally, Janus Henderson Group PLC increased its position in shares of Trinity Industries by 16.3% in the third quarter. Janus Henderson Group PLC now owns 4,512,499 shares of the transportation company’s stock worth $143,949,000 after acquiring an additional 633,336 shares in the last quarter. 87.44% of the stock is owned by institutional investors.
In other Trinity Industries news, SVP William A. Mcwhirter sold 15,606 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $33.49, for a total transaction of $522,644.94. Following the transaction, the senior vice president now directly owns 175,733 shares in the company, valued at approximately $5,885,298.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William A. Mcwhirter sold 20,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the senior vice president now owns 191,339 shares in the company, valued at $7,060,409.10. The disclosure for this sale can be found here. Insiders have acquired a total of 976,882 shares of company stock worth $32,124,543 over the last quarter. 2.00% of the stock is currently owned by insiders.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue was down 17.9% compared to the same quarter last year. equities analysts anticipate that Trinity Industries Inc will post 1.33 earnings per share for the current year.
Trinity Industries declared that its board has approved a share buyback plan on Tuesday, December 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.57%. Trinity Industries’s dividend payout ratio (DPR) is 11.61%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Vertical Group began coverage on shares of Trinity Industries in a report on Tuesday, March 6th. They set a “sell” rating and a $20.00 price target for the company. Vertical Research began coverage on shares of Trinity Industries in a report on Tuesday, March 6th. They set a “sell” rating and a $20.00 price target for the company. Stifel Nicolaus set a $40.00 price target on shares of Trinity Industries and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Susquehanna Bancshares raised their price target on shares of Trinity Industries from $40.00 to $52.00 and gave the company a “positive” rating in a report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Trinity Industries presently has an average rating of “Hold” and a consensus price target of $35.75.
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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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