Atria Investments Inc Takes $270,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Atria Investments Inc purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,761 shares of the transportation company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new position in shares of Trinity Industries during the 3rd quarter valued at $25,000. GAMMA Investing LLC grew its stake in 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 purchasing an additional 469 shares in the last quarter. Innealta Capital LLC acquired a new position in Trinity Industries in the 2nd quarter worth about $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of Trinity Industries during the 2nd quarter worth about $54,000. Finally, CWM LLC lifted its holdings in shares of Trinity Industries by 13.3% during 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 last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 1.0 %

Shares of Trinity Industries stock opened at $37.55 on Friday. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $38.69. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The stock has a 50 day moving average price of $35.17 and a two-hundred day moving average price of $32.53. The stock has a market capitalization of $3.09 billion, a P/E ratio of 18.13 and a beta of 1.39.

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

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid 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 2.98%. Trinity Industries’s payout ratio is 54.63%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group started coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price target on the stock. Finally, Susquehanna cut shares of 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 report on Monday, October 21st.

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.