Creative Planning grew its position in Trinity Industries Inc (NYSE:TRN) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,676 shares of the transportation company’s stock after purchasing an additional 836 shares during the quarter. Creative Planning’s holdings in Trinity Industries were worth $384,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in TRN. Private Capital Group LLC grew its stake 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 worth $42,000 after acquiring an additional 656 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake 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 worth $58,000 after acquiring an additional 1,140,911 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Trinity Industries in the first quarter worth $62,000. Penserra Capital Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter worth $84,000. Finally, Bessemer Group Inc. grew its stake in shares of Trinity Industries by 2,375.9% in the fourth quarter. Bessemer Group Inc. now owns 7,279 shares of the transportation company’s stock worth $150,000 after acquiring an additional 6,985 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors.
TRN opened at $21.50 on Friday. Trinity Industries Inc has a fifty-two week low of $18.99 and a fifty-two week high of $39.35. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.86 and a current ratio of 2.02. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 1.68 and a beta of 2.08.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The firm had revenue of $604.80 million for the quarter, compared to the consensus estimate of $660.72 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Trinity Industries Inc will post 1.32 EPS for the current fiscal year.
The firm 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. The ex-dividend date is Friday, July 12th. This represents a $0.68 dividend on an annualized basis and a yield of 3.16%. Trinity Industries’s dividend payout ratio is currently 85.00%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Trinity Industries from a “sell” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, April 30th. TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Stifel Nicolaus set a $33.00 price objective on shares of Trinity Industries and gave the stock a “buy” rating in a research note on Friday, April 26th. Stephens set a $24.00 price objective on shares of Trinity Industries and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Buckingham Research downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $32.00 to $26.00 in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.22.
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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