Court Place Advisors LLC Decreases Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Court Place Advisors LLC reduced its position in Trinity Industries, Inc. (NYSE:TRN) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,181 shares of the transportation company’s stock after selling 639 shares during the period. Court Place Advisors LLC’s holdings in Trinity Industries were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in Trinity Industries during the third quarter valued at approximately $25,000. GAMMA Investing LLC increased its stake in shares of Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after purchasing an additional 469 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Trinity Industries in the 2nd quarter worth $54,000. KBC Group NV raised its holdings in Trinity Industries by 71.6% in the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the period. Finally, CWM LLC lifted its position in Trinity Industries by 13.3% during the third quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 609 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TRN shares. The Goldman Sachs Group began coverage on Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Trinity Industries Trading Down 2.7 %

Shares of Trinity Industries stock opened at $38.37 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 18.72 and a beta of 1.40. Trinity Industries, Inc. has a twelve month low of $23.67 and a twelve month high of $39.83. The business has a 50-day moving average price of $36.90 and a 200-day moving average price of $34.80.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. Trinity Industries’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.30 dividend. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, January 15th. Trinity Industries’s dividend payout ratio is 58.54%.

Trinity Industries Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.