AlphaQuest LLC Lowers Holdings in Trinity Industries, Inc. $TRN

AlphaQuest LLC trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 45.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 38,606 shares of the transportation company’s stock after selling 32,438 shares during the quarter. AlphaQuest LLC’s holdings in Trinity Industries were worth $1,083,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Trinity Industries by 0.6% during the 1st quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 457 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Trinity Industries by 75.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock worth $30,000 after purchasing an additional 479 shares during the period. Cerity Partners LLC boosted its stake in shares of Trinity Industries by 3.5% during the second quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 549 shares in the last quarter. California State Teachers Retirement System increased its holdings in Trinity Industries by 0.7% during the second quarter. California State Teachers Retirement System now owns 76,161 shares of the transportation company’s stock valued at $2,057,000 after buying an additional 563 shares during the period. Finally, Cetera Investment Advisers raised its stake in Trinity Industries by 8.0% in the second quarter. Cetera Investment Advisers now owns 7,817 shares of the transportation company’s stock worth $211,000 after buying an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $28.73 on Monday. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $38.34. The company has a current ratio of 1.88, a quick ratio of 0.80 and a debt-to-equity ratio of 4.75. The company has a market cap of $2.30 billion, a PE ratio of 25.20 and a beta of 1.47. The company’s 50 day moving average is $27.62 and its 200 day moving average is $27.40.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $532.66 million. Trinity Industries had a net margin of 4.39% and a return on equity of 8.18%. The firm’s revenue was down 43.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $0.31 dividend. The ex-dividend date was Thursday, January 15th. This represents a $1.24 annualized dividend and a yield of 4.3%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.30. Trinity Industries’s payout ratio is currently 108.77%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRN. The Goldman Sachs Group set a $31.00 target price on shares of Trinity Industries and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Trinity Industries in a research note on Monday, December 29th. Finally, Susquehanna set a $28.00 target price on Trinity Industries and gave the company a “neutral” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.50.

Trinity Industries Profile

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.