Trinity Industries, Inc. (NYSE:TRN) Short Interest Update

Trinity Industries, Inc. (NYSE:TRN) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,210,000 shares, a drop of 19.6% from the December 15th total of 2,750,000 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 521,600 shares, the short-interest ratio is currently 4.2 days.

Hedge Funds Weigh In On Trinity Industries

Several hedge funds and other institutional investors have recently modified their holdings of TRN. Spring Capital Management LLC purchased a new stake in Trinity Industries during the 4th quarter valued at about $632,000. Matrix Trust Co boosted its holdings in shares of Trinity Industries by 599.3% during the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock worth $173,000 after purchasing an additional 4,219 shares during the last quarter. Tidal Investments LLC grew its position in shares of Trinity Industries by 17.9% in the third quarter. Tidal Investments LLC now owns 16,186 shares of the transportation company’s stock valued at $564,000 after purchasing an additional 2,456 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 338 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 worth $64,418,000 after buying an additional 24,832 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Trading Up 1.8 %

TRN stock opened at $38.26 on Friday. Trinity Industries has a 12-month low of $23.40 and a 12-month high of $39.00. The business’s 50-day moving average is $36.78 and its 200 day moving average is $34.32. 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 stock has a market cap of $3.14 billion, a price-to-earnings ratio of 18.66 and a beta of 1.40.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter last year, the business posted $0.26 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Trinity Industries will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.30 per share. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. Trinity Industries’s dividend payout ratio is presently 54.63%.

Wall Street Analyst Weigh In

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

Trinity Industries Company 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.