Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Quest Partners LLC

Quest Partners LLC reduced its holdings in Trinity Industries, Inc. (NYSE:TRN) by 53.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,843 shares of the transportation company’s stock after selling 11,398 shares during the period. Quest Partners LLC’s holdings in Trinity Industries were worth $343,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Matrix Trust Co acquired a new stake in Trinity Industries in the third quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in shares of Trinity Industries in the second quarter worth approximately $31,000. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 469 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Trinity Industries in the second quarter worth approximately $54,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Trinity Industries in the second quarter worth approximately $175,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Trinity Industries Trading Up 0.9 %

Shares of TRN stock opened at $37.87 on Tuesday. Trinity Industries, Inc. has a 1-year low of $23.40 and a 1-year high of $38.69. The firm has a market cap of $3.11 billion, a PE ratio of 18.47 and a beta of 1.39. The company has a 50-day moving average of $35.28 and a two-hundred day moving average of $32.61. 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 posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $798.80 million during the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. On average, analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.96%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s payout ratio is 54.63%.

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.