Rhumbline Advisers Sells 35,667 Shares of Trinity Industries Inc (TRN)
Rhumbline Advisers cut its stake in Trinity Industries Inc (NYSE:TRN) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 349,503 shares of the transportation company’s stock after selling 35,667 shares during the quarter. Rhumbline Advisers’ holdings in Trinity Industries were worth $7,595,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TRN. Private Capital Group LLC grew its position in shares of Trinity Industries by 47.1% in the fourth quarter. Private Capital Group LLC now owns 2,048 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 656 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Trinity Industries by 1,930.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,200,026 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,140,911 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Trinity Industries in the first quarter valued at $62,000. BNP Paribas Arbitrage SA grew its position in shares of Trinity Industries by 62.1% in the first quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Trinity Industries in the fourth quarter valued at $84,000. Institutional investors own 90.49% of the company’s stock.
NYSE:TRN opened at $20.85 on Thursday. The firm has a market cap of $2.75 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.60 and a beta of 2.08. Trinity Industries Inc has a 52-week low of $18.99 and a 52-week high of $39.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.02 and a quick ratio of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, July 12th. Trinity Industries’s dividend payout ratio (DPR) is currently 85.00%.
Several equities analysts have recently weighed in on TRN shares. Stephens set a $24.00 price target on Trinity Industries and gave the company a “hold” rating in a research report on Thursday, March 28th. TheStreet lowered Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Cowen reissued a “buy” rating and set a $30.00 price objective on shares of Trinity Industries in a research note on Wednesday, February 20th. Mizuho reissued a “buy” rating and set a $32.00 price objective on shares of Trinity Industries in a research note on Tuesday, February 26th. Finally, Stifel Nicolaus set a $33.00 price objective on Trinity Industries and gave the company a “buy” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.22.
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Trinity Industries Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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