Jacobs Levy Equity Management Inc. Has $4.75 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 136,192 shares of the transportation company’s stock after selling 1,517 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Trinity Industries were worth $4,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in shares of Trinity Industries by 125.9% during the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after acquiring an additional 31,758 shares during the period. Verition Fund Management LLC raised its position in Trinity Industries by 26.5% in the third quarter. Verition Fund Management LLC now owns 14,192 shares of the transportation company’s stock worth $494,000 after purchasing an additional 2,975 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Trinity Industries by 53.9% during the third quarter. BNP Paribas Financial Markets now owns 73,179 shares of the transportation company’s stock worth $2,550,000 after purchasing an additional 25,624 shares during the period. Quantbot Technologies LP acquired a new stake in Trinity Industries during the third quarter valued at approximately $293,000. Finally, FMR LLC grew its stake in shares of Trinity Industries by 23.9% in the 3rd quarter. FMR LLC now owns 116,755 shares of the transportation company’s stock valued at $4,068,000 after purchasing an additional 22,522 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Up 1.7 %

NYSE TRN opened at $37.98 on Friday. The stock’s 50 day simple moving average is $36.05 and its 200 day simple moving average is $33.04. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $38.69. The firm has a market cap of $3.12 billion, a PE ratio of 18.53 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $798.80 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.26 earnings per share. As a group, sell-side analysts forecast that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, January 15th. Trinity Industries’s dividend payout ratio is presently 54.63%.

Wall Street Analyst Weigh In

TRN has been the topic of several recent analyst reports. StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, The Goldman Sachs Group started coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price for the company.

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.