Public Sector Pension Investment Board Sells 5,100 Shares of Trinity Industries, Inc. (NYSE:TRN)

Public Sector Pension Investment Board decreased its position in Trinity Industries, Inc. (NYSE:TRN) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,957 shares of the transportation company’s stock after selling 5,100 shares during the quarter. Public Sector Pension Investment Board’s holdings in Trinity Industries were worth $6,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Matrix Trust Co purchased a new position in Trinity Industries during the third quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of Trinity Industries in the second quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in shares of Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Trinity Industries during the second quarter worth $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Trinity Industries in the second quarter worth $175,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

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

Trinity Industries Stock Performance

Shares of TRN opened at $37.70 on Friday. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $38.69. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The stock’s fifty day moving average price is $35.70 and its two-hundred day moving average price is $32.83. The firm has a market cap of $3.10 billion, a PE ratio of 18.39 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data 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 business had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries’s payout ratio is currently 54.63%.

About Trinity Industries

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.