Headlands Technologies LLC Has $43,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Headlands Technologies LLC grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 3,418.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,548 shares of the transportation company’s stock after purchasing an additional 1,504 shares during the period. Headlands Technologies LLC’s holdings in Trinity Industries were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TRN. Mercer Global Advisors Inc. ADV bought a new position in Trinity Industries in the 4th quarter valued at approximately $225,000. Farringdon Capital Ltd. bought a new position in Trinity Industries in the 4th quarter valued at approximately $230,000. Wealth Enhancement Advisory Services LLC bought a new position in Trinity Industries in the 4th quarter valued at approximately $241,000. Stephens Inc. AR raised its holdings in Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock valued at $205,000 after buying an additional 444 shares during the last quarter. Finally, Matrix Trust Co raised its holdings in Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company’s stock valued at $221,000 after buying an additional 2,965 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

Shares of TRN stock opened at $28.70 on Wednesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 25.17 and a beta of 1.49. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $39.83. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The firm has a 50 day moving average of $26.70 and a 200-day moving average of $28.15.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The business had revenue of $506.20 million during the quarter, compared to analyst estimates of $589.96 million. During the same period in the previous year, the business posted $0.66 EPS. The business’s revenue for the quarter was down 39.8% compared to the same quarter last year. On average, equities analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.2%. Trinity Industries’s dividend payout ratio (DPR) is presently 105.26%.

Analyst Ratings Changes

TRN has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Susquehanna reduced their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Trinity Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd.

Trinity Industries 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.