State of New Jersey Common Pension Fund D Trims Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

State of New Jersey Common Pension Fund D lessened its stake in Trinity Industries, Inc. (NYSE:TRN) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,270 shares of the transportation company’s stock after selling 5,857 shares during the period. State of New Jersey Common Pension Fund D owned about 0.07% of Trinity Industries worth $1,940,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRN. Sanctuary Advisors LLC boosted its position in Trinity Industries by 3.5% during the 3rd 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 period. Creative Planning grew its position in shares of Trinity Industries by 6.1% during the third quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock worth $606,000 after acquiring an additional 1,000 shares during the last quarter. KBC Group NV grew 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 acquiring an additional 1,649 shares during the last quarter. Versor Investments LP increased its holdings in shares of Trinity Industries by 6.3% in the 3rd quarter. Versor Investments LP now owns 32,298 shares of the transportation company’s stock worth $1,125,000 after acquiring an additional 1,912 shares during the period. Finally, Chesapeake Capital Corp IL lifted its position in Trinity Industries by 17.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 16,186 shares of the transportation company’s stock valued at $556,000 after purchasing an additional 2,456 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $30.32 on Tuesday. The company has a market cap of $2.48 billion, a P/E ratio of 18.49 and a beta of 1.40. The company’s fifty day moving average is $36.11 and its two-hundred day moving average is $35.24. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 12-month low of $24.11 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Equities analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio is 73.17%.

Analysts Set New Price Targets

TRN has been the topic of several analyst reports. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective for the company.

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.