Crossmark Global Holdings Inc. Buys Shares of 5,870 Trinity Industries, Inc. (NYSE:TRN)

Crossmark Global Holdings Inc. purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,870 shares of the transportation company’s stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Trinity Industries during the 1st quarter worth approximately $258,000. US Bancorp DE lifted its position in Trinity Industries by 6.8% in the 1st quarter. US Bancorp DE now owns 20,933 shares of the transportation company’s stock valued at $583,000 after acquiring an additional 1,330 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Trinity Industries by 30.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 30,241 shares of the transportation company’s stock worth $842,000 after purchasing an additional 7,050 shares during the period. UniSuper Management Pty Ltd bought a new position in Trinity Industries during the 1st quarter worth about $544,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of 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 period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

TRN opened at $37.44 on Tuesday. The business’s 50-day simple moving average is $34.62 and its 200 day simple moving average is $32.36. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $38.69. 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 firm has a market capitalization of $3.08 billion, a PE ratio of 18.14 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data 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. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The company had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 54.63%.

Wall Street Analyst Weigh In

TRN has been the subject of several recent research reports. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a report on Monday. They issued a “neutral” rating and a $39.00 price objective on the stock.

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.