Farringdon Capital Ltd. Takes Position in Trinity Industries, Inc. (NYSE:TRN)

Farringdon Capital Ltd. purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,566 shares of the transportation company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its holdings in shares of Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after buying an additional 338 shares during the last quarter. Arizona State Retirement System increased its position in Trinity Industries by 1.5% in the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock valued at $840,000 after acquiring an additional 364 shares during the period. Jones Financial Companies Lllp raised its stake in Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after acquiring an additional 398 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Trinity Industries by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company’s stock worth $300,000 after acquiring an additional 543 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after acquiring an additional 713 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on TRN shares. The Goldman Sachs Group cut their price target on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Susquehanna upped their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd.

Trinity Industries Stock Performance

NYSE TRN opened at $25.35 on Friday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.46 and a beta of 1.49. The business’s 50 day moving average is $29.05 and its two-hundred day moving average is $33.91. Trinity Industries, Inc. has a 12-month low of $23.50 and a 12-month high of $39.83. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries’s dividend payout ratio (DPR) is 73.17%.

Trinity Industries Profile

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.