Russell Investments Group Ltd. grew its position in Trinity Industries Inc (NYSE:TRN) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,390 shares of the transportation company’s stock after purchasing an additional 11,167 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Trinity Industries worth $2,693,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised its holdings in Trinity Industries by 10.9% in the 2nd quarter. First Mercantile Trust Co. now owns 5,800 shares of the transportation company’s stock valued at $163,000 after acquiring an additional 570 shares in the last quarter. Pacad Investment Ltd. raised its holdings in shares of Trinity Industries by 36.5% in the 2nd quarter. Pacad Investment Ltd. now owns 7,100 shares of the transportation company’s stock worth $199,000 after buying an additional 1,900 shares in the last quarter. Dearborn Partners LLC acquired a new position in shares of Trinity Industries in the 2nd quarter worth approximately $209,000. Sippican Capital Advisors acquired a new position in shares of Trinity Industries in the 3rd quarter worth approximately $211,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Trinity Industries in the 2nd quarter worth approximately $230,000. Institutional investors own 82.16% of the company’s stock.
In related news, SVP William A. Mcwhirter sold 20,000 shares of the business’s 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 sale, the senior vice president now directly owns 191,339 shares in the company, valued at $7,060,409.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Valueact Capital Master Fund, purchased 13,687 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was bought at an average price of $31.98 per share, with a total value of $437,710.26. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,722,237 shares of company stock valued at $55,164,869. Corporate insiders own 2.00% of the company’s stock.
Trinity Industries Inc (NYSE TRN) traded up $0.48 during trading hours on Thursday, hitting $36.82. The company had a trading volume of 868,259 shares, compared to its average volume of 1,520,000. The company has a current ratio of 3.70, a quick ratio of 2.62 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5,590.00, a P/E ratio of 24.55, a P/E/G ratio of 2.70 and a beta of 2.27. Trinity Industries Inc has a twelve month low of $25.01 and a twelve month high of $38.25.
Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, topping 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 business had revenue of $973.60 million during the quarter, compared to analysts’ expectations of $951.60 million. During the same quarter last year, the company posted $0.55 earnings per share. Trinity Industries’s quarterly revenue was down 12.4% on a year-over-year basis. research analysts anticipate that Trinity Industries Inc will post 1.48 EPS for the current year.
Trinity Industries declared that its Board of Directors has approved a stock repurchase plan on Tuesday, December 12th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, January 11th. Trinity Industries’s payout ratio is currently 34.67%.
Trinity Industries Profile
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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