Victory Capital Management Inc. Sells 50,019 Shares of Trinity Industries, Inc. (NYSE:TRN)

Victory Capital Management Inc. cut its holdings in Trinity Industries, Inc. (NYSE:TRN) by 14.0% during the third quarter, HoldingsChannel reports. The firm owned 308,281 shares of the transportation company’s stock after selling 50,019 shares during the period. Victory Capital Management Inc.’s holdings in Trinity Industries were worth $10,741,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TRN. Matrix Trust Co bought a new stake in Trinity Industries during the 3rd quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in shares of Trinity Industries in the second quarter valued at approximately $31,000. GAMMA Investing LLC boosted its position in shares of Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Trinity Industries in the second quarter worth $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Trinity Industries during the second quarter worth $175,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Down 2.5 %

Shares of TRN stock opened at $37.03 on Thursday. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $38.69. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The stock has a fifty day moving average price of $34.91 and a 200 day moving average price of $32.46. The stock has a market cap of $3.04 billion, a P/E ratio of 18.12 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Analysts predict that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.28 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.02%. Trinity Industries’s dividend payout ratio is currently 54.63%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TRN shares. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a report on Monday. They issued a “neutral” rating and a $39.00 price target for the company. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st.

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.