Los Angeles Capital Management LLC Boosts Holdings in Trinity Industries, Inc. (NYSE:TRN)

Los Angeles Capital Management LLC boosted its stake in Trinity Industries, Inc. (NYSE:TRN) by 611.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,912 shares of the transportation company’s stock after acquiring an additional 44,615 shares during the period. Los Angeles Capital Management LLC owned 0.06% of Trinity Industries worth $1,809,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in Trinity Industries by 0.4% in the first quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock valued at $241,659,000 after purchasing an additional 31,313 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Trinity Industries during the 2nd quarter valued at $40,527,000. American Century Companies Inc. grew its stake in shares of Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after acquiring an additional 604,050 shares during the period. Millennium Management LLC increased its holdings in Trinity Industries by 180.7% in the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after acquiring an additional 529,857 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Trinity Industries by 5.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock valued at $14,986,000 after acquiring an additional 26,300 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TRN shares. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $35.00 in a research note on Monday, October 21st.

Trinity Industries Stock Performance

Shares of TRN opened at $37.87 on Thursday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 18.47 and a beta of 1.39. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $38.69. The stock’s 50-day simple moving average is $34.40 and its 200 day simple moving average is $32.19.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Research analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 2.96%. Trinity Industries’s payout ratio is currently 54.63%.

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.