Short Interest in Trinity Industries, Inc. (NYSE:TRN) Declines By 16.9%

Trinity Industries, Inc. (NYSE:TRNGet Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 1,430,000 shares, a decrease of 16.9% from the April 15th total of 1,720,000 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 548,600 shares, the days-to-cover ratio is currently 2.6 days.

Trinity Industries Stock Down 0.2 %

Shares of TRN traded down $0.06 on Monday, reaching $31.18. The company’s stock had a trading volume of 111,969 shares, compared to its average volume of 508,826. Trinity Industries has a twelve month low of $20.04 and a twelve month high of $31.59. The stock has a market capitalization of $2.55 billion, a PE ratio of 20.97 and a beta of 1.39. The company has a current ratio of 1.88, a quick ratio of 0.91 and a debt-to-equity ratio of 4.55. The firm has a fifty day moving average of $27.28 and a 200-day moving average of $25.95.

Trinity Industries (NYSE:TRNGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The business had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. During the same period in the prior year, the firm posted $0.07 EPS. Trinity Industries’s quarterly revenue was up 26.2% compared to the same quarter last year. Equities analysts predict that Trinity Industries will post 1.5 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 3.59%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now directly owns 233,704 shares of the company’s stock, valued at approximately $6,543,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Eric R. Marchetto sold 8,816 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the transaction, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric R. Marchetto sold 9,781 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the sale, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Trinity Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC boosted its holdings in shares of Trinity Industries by 4.6% in the 1st quarter. First Eagle Investment Management LLC now owns 474,580 shares of the transportation company’s stock worth $13,217,000 after buying an additional 20,901 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Trinity Industries by 30.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 30,241 shares of the transportation company’s stock worth $842,000 after acquiring an additional 7,050 shares during the period. Everence Capital Management Inc. boosted its stake in Trinity Industries by 51.2% in the first quarter. Everence Capital Management Inc. now owns 13,430 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 4,550 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Trinity Industries by 1.3% during the 1st quarter. ProShare Advisors LLC now owns 312,991 shares of the transportation company’s stock valued at $8,717,000 after acquiring an additional 4,080 shares during the period. Finally, US Bancorp DE increased its stake in shares of Trinity Industries by 6.8% during the 1st quarter. US Bancorp DE now owns 20,933 shares of the transportation company’s stock worth $583,000 after purchasing an additional 1,330 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Susquehanna increased their price target on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.00.

View Our Latest Report on TRN

About Trinity Industries

(Get Free Report)

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.

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