Mutual of America Capital Management LLC Sells 1,050 Shares of Trinity Industries, Inc. (NYSE:TRN)

Mutual of America Capital Management LLC reduced its stake in Trinity Industries, Inc. (NYSE:TRN) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,401 shares of the transportation company’s stock after selling 1,050 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Trinity Industries were worth $432,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Matrix Trust Co purchased a new stake in shares of Trinity Industries in the third quarter valued at about $25,000. Innealta Capital LLC bought a new stake in Trinity Industries in the 2nd quarter worth about $31,000. GAMMA Investing LLC increased its stake in Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after buying an additional 469 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Trinity Industries during the 2nd quarter worth approximately $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Trinity Industries in the 2nd quarter worth approximately $175,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Trading Down 0.6 %

NYSE:TRN opened at $37.45 on Thursday. Trinity Industries, Inc. has a 12 month low of $23.40 and a 12 month high of $38.69. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. The firm’s 50 day moving average is $35.48 and its 200 day moving average is $32.70. The stock has a market capitalization of $3.08 billion, a PE ratio of 18.38 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last issued 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Sell-side analysts expect that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 2.99%. Trinity Industries’s dividend payout ratio is presently 54.63%.

Analysts Set New Price Targets

A number of analysts recently commented on TRN shares. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and increased their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research note on Monday, November 18th. They set a “neutral” rating and a $39.00 target price on the stock.

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.