Victory Capital Management Inc. Has $10.74 Million Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Victory Capital Management Inc. decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,281 shares of the transportation company’s stock after selling 50,019 shares during the quarter. Victory Capital Management Inc. owned 0.38% of Trinity Industries worth $10,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Matrix Trust Co purchased a new position in Trinity Industries during the 3rd quarter valued at about $25,000. GAMMA Investing LLC lifted 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 worth $35,000 after purchasing an additional 469 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Trinity Industries during the second quarter worth approximately $31,000. Canada Pension Plan Investment Board purchased a new position in Trinity Industries during the second quarter valued at approximately $54,000. Finally, CWM LLC increased its stake in Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock valued at $181,000 after buying an additional 609 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Down 2.5 %

Trinity Industries stock opened at $37.03 on Thursday. The company has a market capitalization of $3.04 billion, a P/E ratio of 18.12 and a beta of 1.39. Trinity Industries, Inc. has a 1-year low of $23.40 and a 1-year high of $38.69. The firm’s fifty day simple moving average is $34.91 and its 200-day simple moving average is $32.46. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39.

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

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a yield of 3.02%. Trinity Industries’s dividend payout ratio (DPR) is presently 54.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRN. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $35.00 in a research note on Monday, October 21st. The Goldman Sachs Group assumed coverage on Trinity Industries in a research note on Monday. They set a “neutral” rating and a $39.00 price target for the company. Finally, StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.