Edgestream Partners L.P. Takes Position in Trinity Industries, Inc. (NYSE:TRN)

Edgestream Partners L.P. bought a new stake in Trinity Industries, Inc. (NYSE:TRN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,562 shares of the transportation company’s stock, valued at approximately $1,333,000. Edgestream Partners L.P. owned approximately 0.05% of Trinity Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TRN. TFO Wealth Partners LLC increased its holdings in shares of Trinity Industries by 22,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 1,118 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Trinity Industries in the second quarter valued at approximately $31,000. ICA Group Wealth Management LLC acquired a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $32,000. Northwest Bank & Trust Co acquired a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $66,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Trinity Industries in the first quarter valued at approximately $111,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

Trinity Industries Price Performance

TRN stock opened at $34.17 on Friday. The business has a fifty day moving average of $32.39 and a two-hundred day moving average of $29.93. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 22.93 and a beta of 1.39. Trinity Industries, Inc. has a 52-week low of $20.04 and a 52-week high of $37.04.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.32. The company had revenue of $841.40 million during the quarter, compared to analysts’ expectations of $738.00 million. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 annualized dividend and a yield of 3.28%. Trinity Industries’s dividend payout ratio (DPR) is 75.17%.

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.