Natixis Advisors LLC Has $1.75 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

Natixis Advisors LLC reduced its holdings in Trinity Industries, Inc. (NYSE:TRN) by 72.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,324 shares of the transportation company’s stock after selling 132,009 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Trinity Industries worth $1,753,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TRN. Encompass Capital Advisors LLC acquired a new stake in Trinity Industries in the 2nd quarter valued at approximately $40,527,000. American Century Companies Inc. boosted its position in shares of Trinity Industries by 136.2% in the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after acquiring an additional 604,050 shares during the period. Millennium Management LLC grew its stake in shares of Trinity Industries by 180.7% in the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after acquiring an additional 529,857 shares during the last quarter. First Eagle Investment Management LLC increased its position in Trinity Industries by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock worth $14,986,000 after acquiring an additional 26,300 shares during the period. Finally, Royce & Associates LP raised its stake in Trinity Industries by 8.2% during the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after purchasing an additional 27,870 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRN shares. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price on the stock. Finally, StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Trinity Industries Trading Up 0.9 %

Shares of TRN stock opened at $37.87 on Tuesday. The firm has a fifty day moving average of $35.28 and a 200-day moving average of $32.61. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 18.79 and a beta of 1.39. 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.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results 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 firm had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, equities research 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 given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is 54.63%.

About Trinity Industries

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.