Natixis Advisors LLC Sells 132,009 Shares of Trinity Industries, Inc. (NYSE:TRN)

Natixis Advisors LLC lowered its position in Trinity Industries, Inc. (NYSE:TRN) by 72.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,324 shares of the transportation company’s stock after selling 132,009 shares during the period. Natixis Advisors LLC’s holdings in Trinity Industries were worth $1,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its position in Trinity Industries by 6.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 77,241 shares of the transportation company’s stock valued at $2,150,000 after purchasing an additional 4,934 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Trinity Industries by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,070 shares of the transportation company’s stock worth $1,562,000 after buying an additional 2,873 shares in the last quarter. Bluefin Capital Management LLC bought a new stake in Trinity Industries during the 1st quarter worth about $273,000. Verity Asset Management Inc. acquired a new stake in Trinity Industries in the 1st quarter valued at about $447,000. Finally, Bank & Trust Co bought a new position in shares of Trinity Industries in the second quarter worth about $212,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Up 0.9 %

Shares of NYSE:TRN opened at $37.87 on Tuesday. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 18.79 and a beta of 1.39. The company has a 50 day moving average of $35.28 and a 200-day moving average of $32.61. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $38.69.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on TRN shares. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group began coverage on Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st.

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.