Intech Investment Management LLC Invests $572,000 in Trinity Industries, Inc. (NYSE:TRN)

Intech Investment Management LLC acquired a new stake in Trinity Industries, Inc. (NYSE:TRN) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,431 shares of the transportation company’s stock, valued at approximately $572,000.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of Trinity Industries by 6.7% in the third quarter. Advisors Asset Management Inc. now owns 202,063 shares of the transportation company’s stock worth $7,040,000 after buying an additional 12,658 shares in the last quarter. Chesapeake Capital Corp IL increased its holdings in shares of Trinity Industries by 17.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 16,186 shares of the transportation company’s stock worth $556,000 after buying an additional 2,456 shares during the last quarter. Royce & Associates LP raised its position in shares of 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 buying an additional 27,870 shares in the last quarter. Versor Investments LP lifted its stake in Trinity Industries by 6.3% during the third quarter. Versor Investments LP now owns 32,298 shares of the transportation company’s stock worth $1,125,000 after purchasing an additional 1,912 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Trinity Industries by 611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company’s stock worth $1,809,000 after buying an additional 44,615 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and upped their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, 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 for the company.

Trinity Industries Stock Up 0.7 %

Shares of NYSE:TRN opened at $37.70 on Monday. The stock’s 50-day moving average is $35.70 and its 200 day moving average is $32.84. The company has a market cap of $3.10 billion, a PE ratio of 18.39 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $38.69.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $798.80 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries’s payout ratio is 54.63%.

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.