Cubist Systematic Strategies LLC Purchases New Shares in Trinity Industries, Inc. (NYSE:TRN)

Cubist Systematic Strategies LLC acquired a new position in Trinity Industries, Inc. (NYSE:TRN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 301,917 shares of the transportation company’s stock, valued at approximately $9,033,000.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Trinity Industries during the second quarter valued at approximately $31,000. TFO Wealth Partners LLC boosted its position in Trinity Industries by 22,360.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after buying an additional 1,118 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Trinity Industries during the fourth quarter worth $32,000. Canada Pension Plan Investment Board bought a new stake in shares of Trinity Industries during the second quarter worth $54,000. Finally, Northwest Bank & Trust Co bought a new position in Trinity Industries in the fourth quarter valued at about $66,000. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Trinity Industries Stock Performance

Shares of Trinity Industries stock opened at $33.94 on Friday. The firm has a fifty day moving average of $32.64 and a two-hundred day moving average of $30.16. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98 and a current ratio of 1.91. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 22.78 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 released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $738.00 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.28 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.30%. Trinity Industries’s dividend payout ratio is 75.17%.

Trinity Industries Company 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.