Teacher Retirement System of Texas Sells 47,429 Shares of Trinity Industries, Inc. (NYSE:TRN)

Teacher Retirement System of Texas trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 84.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,867 shares of the transportation company’s stock after selling 47,429 shares during the quarter. Teacher Retirement System of Texas’ holdings in Trinity Industries were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wellington Shields Capital Management LLC bought a new position in shares of Trinity Industries in the fourth quarter valued at about $35,000. Smartleaf Asset Management LLC increased its position in Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 713 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock worth $105,000 after acquiring an additional 398 shares during the last quarter. KBC Group NV lifted its position in shares of Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares in the last quarter. Finally, Matrix Trust Co grew its stake in shares of Trinity Industries by 599.3% during the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock valued at $173,000 after purchasing an additional 4,219 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Trading Up 0.3 %

TRN opened at $28.14 on Wednesday. The firm has a 50 day simple moving average of $32.72 and a 200 day simple moving average of $34.79. Trinity Industries, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $39.83. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 17.16 and a beta of 1.50. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries’s payout ratio is 73.17%.

Insiders Place Their Bets

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Susquehanna boosted their target price on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd.

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.