Versor Investments LP Boosts Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Versor Investments LP lifted its stake in Trinity Industries, Inc. (NYSE:TRNFree Report) by 41.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,600 shares of the transportation company’s stock after buying an additional 4,274 shares during the period. Versor Investments LP’s holdings in Trinity Industries were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Trinity Industries by 9.8% in the third quarter. Vanguard Group Inc. now owns 9,515,622 shares of the transportation company’s stock valued at $203,159,000 after purchasing an additional 849,142 shares during the last quarter. BlackRock Inc. boosted its position in Trinity Industries by 5.7% during the 2nd quarter. BlackRock Inc. now owns 14,245,701 shares of the transportation company’s stock valued at $366,257,000 after buying an additional 773,045 shares during the period. Norges Bank bought a new stake in Trinity Industries in the 4th quarter worth $21,951,000. Millennium Management LLC purchased a new position in shares of Trinity Industries in the fourth quarter valued at about $7,828,000. Finally, Comerica Bank bought a new position in shares of Trinity Industries during the second quarter valued at about $6,749,000. Institutional investors own 82.23% of the company’s stock.

Analyst Upgrades and Downgrades

TRN has been the topic of a number of research analyst reports. Susquehanna upgraded Trinity Industries from a “neutral” rating to a “positive” rating and boosted their price target for the company from $29.00 to $32.00 in a report on Monday, October 16th. Stephens reduced their target price on Trinity Industries from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 3rd. Finally, StockNews.com initiated coverage on Trinity Industries in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Trinity Industries has a consensus rating of “Moderate Buy” and a consensus target price of $29.67.

Read Our Latest Analysis on Trinity Industries

Insider Buying and Selling

In other Trinity Industries news, EVP Gregory B. Mitchell sold 12,536 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $23.17, for a total transaction of $290,459.12. Following the completion of the transaction, the executive vice president now owns 127,714 shares of the company’s stock, valued at $2,959,133.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trinity Industries news, EVP Gregory B. Mitchell sold 12,536 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.17, for a total value of $290,459.12. Following the sale, the executive vice president now directly owns 127,714 shares of the company’s stock, valued at $2,959,133.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric R. Marchetto sold 11,863 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $27.00, for a total value of $320,301.00. Following the completion of the sale, the chief financial officer now directly owns 250,402 shares in the company, valued at $6,760,854. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Trinity Industries Stock Performance

Trinity Industries stock opened at $26.02 on Wednesday. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $28.97. The stock’s 50 day simple moving average is $25.84 and its two-hundred day simple moving average is $24.72. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.79 and a current ratio of 1.83. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 29.24 and a beta of 1.40.

Trinity Industries (NYSE:TRNGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.09). The firm had revenue of $821.30 million for the quarter, compared to the consensus estimate of $652.41 million. Trinity Industries had a net margin of 2.68% and a return on equity of 6.80%. As a group, analysts expect that Trinity Industries, Inc. will post 1.23 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a dividend of $0.28 per share. This is a boost from Trinity Industries’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, January 11th. Trinity Industries’s dividend payout ratio (DPR) is 125.84%.

Trinity Industries Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trinity Industries, Inc. (NYSE:TRNFree Report).

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.