Teacher Retirement System of Texas Has $311,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Teacher Retirement System of Texas cut its holdings in Trinity Industries, Inc. (NYSE:TRN) by 84.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,867 shares of the transportation company’s stock after selling 47,429 shares during the quarter. Teacher Retirement System of Texas’ holdings in Trinity Industries were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TRN. Jennison Associates LLC lifted its stake in Trinity Industries by 0.5% in the fourth quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock valued at $125,947,000 after buying an additional 18,851 shares in the last quarter. State Street Corp increased its position in shares of Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after acquiring an additional 73,183 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth $104,136,000. Geode Capital Management LLC lifted its position in Trinity Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock valued at $64,418,000 after acquiring an additional 24,832 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Trinity Industries by 12.0% in the 4th quarter. Royce & Associates LP now owns 411,431 shares of the transportation company’s stock worth $14,441,000 after purchasing an additional 44,010 shares during the period. 86.57% of the stock is owned by institutional investors.

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Susquehanna upped their price objective on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd.

Trinity Industries Price Performance

NYSE TRN opened at $28.14 on Wednesday. The firm’s 50 day moving average is $32.72 and its 200-day moving average is $34.79. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The company has a market capitalization of $2.30 billion, a PE ratio of 17.16 and a beta of 1.50. Trinity Industries, Inc. has a 12-month low of $25.89 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.26%. Trinity Industries’s payout ratio is presently 73.17%.

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.