New York State Common Retirement Fund Has $2.31 Million Holdings in Trinity Industries, Inc. (NYSE:TRN)

New York State Common Retirement Fund lifted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 160.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,735 shares of the transportation company’s stock after buying an additional 40,450 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Trinity Industries worth $2,307,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Creative Planning grew its holdings in Trinity Industries by 6.1% in the third quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock worth $606,000 after purchasing an additional 1,000 shares during the period. International Assets Investment Management LLC grew its holdings in Trinity Industries by 3,384.0% in the third quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock worth $364,000 after purchasing an additional 10,152 shares during the period. Nisa Investment Advisors LLC grew its holdings in Trinity Industries by 25.9% in the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after purchasing an additional 5,247 shares during the period. Atria Investments Inc acquired a new stake in Trinity Industries in the third quarter worth $270,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Trinity Industries in the third quarter worth $204,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Up 0.2 %

Trinity Industries stock opened at $31.04 on Friday. Trinity Industries, Inc. has a 1-year low of $24.49 and a 1-year high of $39.83. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.93 and a beta of 1.40. The firm’s fifty day moving average price is $35.73 and its two-hundred day moving average price is $35.16. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share 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 analyst estimates of $589.30 million. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. Trinity Industries’s dividend payout ratio (DPR) is 73.17%.

Analyst Ratings Changes

A number of equities research analysts have commented on TRN shares. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group started coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company.

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.