Inspire Investing LLC Sells 920 Shares of Trinity Industries, Inc. (NYSE:TRN)

Inspire Investing LLC reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 7.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,921 shares of the transportation company’s stock after selling 920 shares during the period. Inspire Investing LLC’s holdings in Trinity Industries were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Trinity Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock worth $257,333,000 after acquiring an additional 83,769 shares during the last quarter. Capital International Investors grew its stake in shares of Trinity Industries by 0.4% in the first quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock worth $241,659,000 after purchasing an additional 31,313 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Trinity Industries by 1.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,238,703 shares of the transportation company’s stock valued at $32,937,000 after purchasing an additional 21,540 shares during the period. American Century Companies Inc. raised its position in 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 purchasing an additional 604,050 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Trinity Industries by 72.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company’s stock worth $18,816,000 after purchasing an additional 297,153 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

TRN stock opened at $34.20 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 22.95 and a beta of 1.39. The company’s fifty day simple moving average is $32.39 and its 200 day simple moving average is $29.96. Trinity Industries, Inc. has a 12-month low of $20.04 and a 12-month high of $37.04.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating 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 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is 75.17%.

Analysts Set New Price Targets

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

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.