Everence Capital Management Inc. Has $410,000 Stake in Trinity Industries, Inc. (NYSE:TRN)

Everence Capital Management Inc. reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,670 shares of the transportation company’s stock after selling 1,760 shares during the quarter. Everence Capital Management Inc.’s holdings in Trinity Industries were worth $410,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in shares of Trinity Industries in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in 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 acquiring an additional 469 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Trinity Industries during the 2nd quarter worth $54,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Trinity Industries during the 2nd quarter valued at $175,000. Finally, CWM LLC lifted its stake in shares of 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 purchasing an additional 609 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Up 2.5 %

TRN stock opened at $35.94 on Monday. Trinity Industries, Inc. has a twelve month low of $23.40 and a twelve month high of $39.00. 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 company has a market cap of $2.95 billion, a PE ratio of 17.53 and a beta of 1.40. The business’s 50-day simple moving average is $36.56 and its 200 day simple moving average is $33.92.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating 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 business had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. During the same period in the prior year, the company posted $0.26 earnings per share. Trinity Industries’s revenue was down 2.7% on a year-over-year basis. On average, research analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.34%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s payout ratio is presently 58.54%.

Wall Street Analyst Weigh In

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

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.