Sanctuary Advisors LLC Buys 338 Shares of Trinity Industries, Inc. (NYSE:TRN)

Sanctuary Advisors LLC raised its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,005 shares of the transportation company’s stock after acquiring an additional 338 shares during the period. Sanctuary Advisors LLC’s holdings in Trinity Industries were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp grew its position in Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after acquiring an additional 73,183 shares during the last quarter. Geode Capital Management LLC grew its position in Trinity Industries by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock valued at $64,418,000 after acquiring an additional 24,832 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in Trinity Industries during the second quarter valued at approximately $40,527,000. American Century Companies Inc. boosted its stake in shares of Trinity Industries by 136.2% during 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 purchasing an additional 604,050 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock valued at $24,625,000 after purchasing an additional 529,857 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Performance

Shares of TRN stock opened at $35.48 on Friday. The stock has a fifty day moving average of $36.53 and a 200 day moving average of $33.63. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $39.00. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 17.31 and a beta of 1.39. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39.

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

Trinity Industries Increases Dividend

The firm also recently declared 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. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. Trinity Industries’s dividend payout ratio (DPR) is presently 58.54%.

Analyst Upgrades and Downgrades

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