Royce & Associates LP Reduces Holdings in Trinity Industries Inc (TRN)

Royce & Associates LP cut its holdings in Trinity Industries Inc (NYSE:TRN) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 614,940 shares of the transportation company’s stock after selling 19,871 shares during the quarter. Royce & Associates LP owned about 0.41% of Trinity Industries worth $23,036,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. ValueAct Holdings L.P. raised its position in Trinity Industries by 10.7% in the third quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after acquiring an additional 1,672,510 shares in the last quarter. Cipher Capital LP bought a new stake in Trinity Industries in the third quarter worth about $816,000. Chesapeake Asset Management LLC raised its position in Trinity Industries by 95.9% in the third quarter. Chesapeake Asset Management LLC now owns 54,497 shares of the transportation company’s stock worth $1,738,000 after acquiring an additional 26,682 shares in the last quarter. James Investment Research Inc. raised its position in Trinity Industries by 15.2% in the fourth quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock worth $15,485,000 after acquiring an additional 54,610 shares in the last quarter. Finally, Zuckerman Investment Group LLC raised its position in Trinity Industries by 111.4% in the third quarter. Zuckerman Investment Group LLC now owns 329,933 shares of the transportation company’s stock worth $10,525,000 after acquiring an additional 173,883 shares in the last quarter. Hedge funds and other institutional investors own 82.66% of the company’s stock.

Shares of Trinity Industries Inc (NYSE TRN) opened at $34.76 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. The stock has a market capitalization of $5,280.00, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.52 and a beta of 2.07. Trinity Industries Inc has a twelve month low of $25.01 and a twelve month high of $38.25.

Trinity Industries declared that its board has authorized a stock buyback plan on Tuesday, December 12th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.52 annualized dividend and a yield of 1.50%. Trinity Industries’s payout ratio is presently 34.67%.

In other Trinity Industries news, SVP William A. Mcwhirter sold 20,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares in the company, valued at approximately $7,060,409.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.

TRN has been the topic of several research reports. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, January 2nd. Cowen boosted their price target on shares of Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Seaport Global Securities began coverage on shares of Trinity Industries in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Susquehanna Bancshares upgraded Trinity Industries from a “neutral” rating to a “positive” rating in a report on Monday, November 6th. Finally, ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Trinity Industries currently has an average rating of “Buy” and a consensus price target of $38.70.

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Trinity Industries Company 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.

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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