Naples Global Advisors LLC Has $1.31 Million Position in Trinity Industries Inc (TRN)
Naples Global Advisors LLC reduced its stake in shares of Trinity Industries Inc (NYSE:TRN) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,060 shares of the transportation company’s stock after selling 3,000 shares during the quarter. Naples Global Advisors LLC’s holdings in Trinity Industries were worth $1,313,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in TRN. Sippican Capital Advisors purchased a new stake in shares of Trinity Industries during the 3rd quarter valued at about $211,000. Griffin Asset Management Inc. purchased a new stake in shares of Trinity Industries during the 3rd quarter valued at about $213,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Trinity Industries during the 2nd quarter valued at about $230,000. Commerce Bank purchased a new stake in shares of Trinity Industries during the 3rd quarter valued at about $255,000. Finally, Stephens Inc. AR raised its holdings in shares of Trinity Industries by 3.0% during the 2nd quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 82.38% of the company’s stock.
Several brokerages recently commented on TRN. Zacks Investment Research downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Friday, September 29th. KeyCorp reiterated a “buy” rating and set a $41.00 target price (up from $34.00) on shares of Trinity Industries in a report on Monday, October 2nd. Stephens reiterated an “equal weight” rating and set a $35.00 target price (up from $29.00) on shares of Trinity Industries in a report on Tuesday, October 3rd. Buckingham Research raised their target price on Trinity Industries from $34.00 to $36.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, Cowen reiterated a “buy” rating and set a $31.00 target price on shares of Trinity Industries in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Trinity Industries presently has an average rating of “Buy” and a consensus target price of $36.25.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. Trinity Industries had a return on equity of 5.32% and a net margin of 5.97%. The firm had revenue of $973.60 million during the quarter, compared to analyst estimates of $951.60 million. During the same quarter last year, the firm earned $0.55 EPS. Trinity Industries’s quarterly revenue was down 12.4% on a year-over-year basis. equities analysts anticipate that Trinity Industries Inc will post 1.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.
Trinity Industries declared that its Board of Directors has approved a stock repurchase program on Tuesday, December 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other news, major shareholder Valueact Capital Master Fund, bought 13,687 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of $31.98 per share, for a total transaction of $437,710.26. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, SVP William A. Mcwhirter sold 20,000 shares of Trinity Industries stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the senior vice president now owns 191,339 shares of the company’s stock, valued at approximately $7,060,409.10. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,722,237 shares of company stock valued at $55,164,869. 2.00% of the stock is owned by insiders.
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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