Flinton Capital Management LLC cut its position in Trinity Industries Inc (NYSE:TRN) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,112 shares of the transportation company’s stock after selling 31,568 shares during the quarter. Flinton Capital Management LLC owned approximately 0.06% of Trinity Industries worth $3,525,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. ValueAct Holdings L.P. grew its position in Trinity Industries by 10.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 17,255,115 shares of the transportation company’s stock worth $550,438,000 after purchasing an additional 1,672,510 shares during the last quarter. Cipher Capital LP acquired a new stake in Trinity Industries in the 3rd quarter worth $816,000. Creative Planning grew its position in Trinity Industries by 11.7% in the 4th quarter. Creative Planning now owns 22,260 shares of the transportation company’s stock worth $834,000 after purchasing an additional 2,328 shares during the last quarter. James Investment Research Inc. grew its position in Trinity Industries by 15.2% in the 4th quarter. James Investment Research Inc. now owns 413,366 shares of the transportation company’s stock worth $15,485,000 after purchasing an additional 54,610 shares during the last quarter. Finally, Zuckerman Investment Group LLC grew its position in Trinity Industries by 111.4% in the 3rd quarter. Zuckerman Investment Group LLC now owns 329,933 shares of the transportation company’s stock worth $10,525,000 after purchasing an additional 173,883 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
In other news, major shareholder Holdings L.P. Valueact purchased 20,539 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average cost of $33.00 per share, with a total value of $677,787.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William A. Mcwhirter sold 15,606 shares of Trinity Industries stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $33.49, for a total transaction of $522,644.94. Following the transaction, the senior vice president now directly owns 175,733 shares of the company’s stock, valued at $5,885,298.17. The disclosure for this sale can be found here. Insiders have bought a total of 976,882 shares of company stock valued at $32,124,543 over the last ninety days. 2.00% of the stock is owned by insiders.
Trinity Industries Inc (NYSE TRN) opened at $32.72 on Friday. The company has a market cap of $5,004.29, a PE ratio of 7.30, a PEG ratio of 2.50 and a beta of 2.03. Trinity Industries Inc has a 1-year low of $25.01 and a 1-year high of $38.25. The company has a current ratio of 3.47, a quick ratio of 2.43 and a debt-to-equity ratio of 0.67.
Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $906.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. research analysts anticipate that Trinity Industries Inc will post 1.33 earnings per share for the current fiscal year.
Trinity Industries declared that its Board of Directors has initiated 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 purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, April 12th. Trinity Industries’s payout ratio is 11.61%.
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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.
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