Atria Investments Inc Buys New Shares in Trinity Industries, Inc. (NYSE:TRN)

Atria Investments Inc purchased a new position in Trinity Industries, Inc. (NYSE:TRN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,761 shares of the transportation company’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Encompass Capital Advisors LLC bought a new stake in shares of Trinity Industries in the second quarter valued at about $40,527,000. American Century Companies Inc. grew its holdings in shares of Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after purchasing an additional 604,050 shares in the last quarter. Millennium Management LLC increased its position in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock valued at $24,625,000 after purchasing an additional 529,857 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Trinity Industries in the second quarter valued at $9,033,000. Finally, Algert Global LLC lifted its position in Trinity Industries by 1,344.0% in the second quarter. Algert Global LLC now owns 132,125 shares of the transportation company’s stock worth $3,953,000 after purchasing an additional 122,975 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Trinity Industries stock opened at $37.55 on Friday. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week 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 $35.17 and a two-hundred day moving average price of $32.53. The firm has a market capitalization of $3.09 billion, a P/E ratio of 18.13 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. As a group, analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 2.98%. Trinity Industries’s dividend payout ratio (DPR) is presently 54.63%.

Wall Street Analyst Weigh In

TRN has been the topic of several analyst reports. Susquehanna lowered shares of Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $35.00 in a report on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock. Finally, StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

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.