Orchard Capital Management LLC Sells 4,810 Shares of Trinity Industries, Inc. (NYSE:TRN)

Orchard Capital Management LLC lowered its stake in Trinity Industries, Inc. (NYSE:TRN) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,148 shares of the transportation company’s stock after selling 4,810 shares during the period. Trinity Industries makes up approximately 3.4% of Orchard Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Orchard Capital Management LLC owned about 0.46% of Trinity Industries worth $11,314,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRN. Innealta Capital LLC purchased a new stake in shares of Trinity Industries in the second quarter valued at approximately $31,000. TFO Wealth Partners LLC boosted its stake in shares of Trinity Industries by 22,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after buying an additional 1,118 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $32,000. Canada Pension Plan Investment Board purchased a new stake in shares of Trinity Industries in the second quarter valued at approximately $54,000. Finally, Northwest Bank & Trust Co purchased a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Up 2.8 %

TRN opened at $34.13 on Friday. The business’s fifty day moving average is $32.30 and its two-hundred day moving average is $29.87. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98 and a current ratio of 1.91. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 22.91 and a beta of 1.39. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $37.04.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The company had revenue of $841.40 million for the quarter, compared to the consensus estimate of $738.00 million. During the same period in the previous year, the business earned $0.23 earnings per share. Trinity Industries’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.28%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Trinity Industries Company 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.