Worth Asset Management LLC Reduces Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Worth Asset Management LLC cut its holdings in Trinity Industries, Inc. (NYSE:TRN) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,168 shares of the transportation company’s stock after selling 500 shares during the period. Worth Asset Management LLC’s holdings in Trinity Industries were worth $1,410,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Matrix Trust Co bought a new position in Trinity Industries in the 3rd quarter worth about $25,000. GAMMA Investing LLC boosted its position in shares of Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the period. Canada Pension Plan Investment Board purchased a new position in Trinity Industries during the second quarter valued at approximately $54,000. CWM LLC increased its holdings in Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after acquiring an additional 609 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Trinity Industries in the 2nd quarter valued at $175,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TRN shares. Susquehanna lowered 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. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock. Finally, StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded down $0.92 during trading on Wednesday, hitting $34.38. 227,817 shares of the stock traded hands, compared to its average volume of 383,228. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 16.77 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $39.00. The firm’s fifty day moving average is $36.55 and its 200-day moving average is $34.01.

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

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s payout ratio is currently 58.54%.

About Trinity Industries

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.