State of New Jersey Common Pension Fund D Sells 5,857 Shares of Trinity Industries, Inc. (NYSE:TRN)

State of New Jersey Common Pension Fund D cut its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,270 shares of the transportation company’s stock after selling 5,857 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Trinity Industries were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the period. Matrix Trust Co boosted its position 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 valued at $173,000 after acquiring an additional 4,219 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Trinity Industries in the 3rd quarter valued at $204,000. M&T Bank Corp acquired a new position in Trinity Industries during the third quarter worth $248,000. Finally, Atria Investments Inc bought a new stake in shares of Trinity Industries in the 3rd quarter worth about $270,000. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRN. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group initiated coverage on Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price on the stock.

Trinity Industries Price Performance

TRN opened at $30.32 on Tuesday. The company has a fifty day simple moving average of $36.11 and a 200 day simple moving average of $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. The stock has a market cap of $2.48 billion, a P/E ratio of 18.49 and a beta of 1.40. 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 results 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, research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Increases Dividend

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

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.