Y Intercept Hong Kong Ltd Reduces Stake in Trinity Industries, Inc. (NYSE:TRN)

Y Intercept Hong Kong Ltd cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 62.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,469 shares of the transportation company’s stock after selling 19,254 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Trinity Industries were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TRN. Wealth Enhancement Advisory Services LLC raised its holdings in Trinity Industries by 4.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock valued at $265,000 after buying an additional 417 shares during the period. GAMMA Investing LLC raised 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 valued at $35,000 after acquiring an additional 469 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Trinity Industries by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock worth $1,084,000 after acquiring an additional 497 shares during the last quarter. CWM LLC boosted its stake in shares of Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after purchasing an additional 609 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Trinity Industries by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company’s stock valued at $1,233,000 after purchasing an additional 700 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group assumed coverage on 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 Trinity Industries from a “positive” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $35.00 in a research note on Monday, October 21st.

Trinity Industries Stock Performance

Shares of NYSE:TRN opened at $37.78 on Tuesday. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $39.00. The firm has a market cap of $3.10 billion, a PE ratio of 18.43 and a beta of 1.39. The firm’s 50 day simple moving average is $36.41 and its 200-day simple moving average is $33.34. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. As a group, equities analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s payout ratio is currently 58.54%.

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.