Royce & Associates LP Boosts Holdings in Trinity Industries, Inc. (NYSE:TRN)

Royce & Associates LP lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 8.2% in the third quarter, Holdings Channel reports. The firm owned 367,421 shares of the transportation company’s stock after purchasing an additional 27,870 shares during the period. Royce & Associates LP’s holdings in Trinity Industries were worth $12,801,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TRN. Matrix Trust Co purchased a new position in Trinity Industries in the 3rd quarter worth approximately $25,000. Innealta Capital LLC acquired a new stake in Trinity Industries in the second quarter worth $31,000. GAMMA Investing LLC increased its position in Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock worth $35,000 after buying an additional 469 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Trinity Industries in the second quarter worth $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Trinity Industries in the second quarter worth $175,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRN shares. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the company from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $37.22 on Friday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 18.16 and a beta of 1.39. The business’s 50-day simple moving average is $34.62 and its 200-day simple moving average is $32.34. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $38.69.

Trinity Industries (NYSE:TRN) last released its 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. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million for the quarter, compared to analyst estimates of $696.00 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a yield of 3.01%. Trinity Industries’s payout ratio is 54.63%.

Trinity Industries Company 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.