Amalgamated Bank Cuts Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Amalgamated Bank decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,306 shares of the transportation company’s stock after selling 703 shares during the quarter. Amalgamated Bank’s holdings in Trinity Industries were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TRN. Nisa Investment Advisors LLC lifted its stake in shares of Trinity Industries by 25.9% during the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after purchasing an additional 5,247 shares in the last quarter. International Assets Investment Management LLC lifted its position in Trinity Industries by 3,384.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock worth $364,000 after acquiring an additional 10,152 shares in the last quarter. Twelve Points Wealth Management LLC lifted its position in Trinity Industries by 7.8% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 37,772 shares of the transportation company’s stock worth $1,316,000 after acquiring an additional 2,744 shares in the last quarter. Creative Planning grew its position in Trinity Industries by 6.1% in the third quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Trinity Industries in the third quarter valued at approximately $290,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Price Performance

TRN stock opened at $37.37 on Friday. The stock’s 50 day moving average is $34.40 and its two-hundred day moving average is $32.19. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $38.69. The company has a market capitalization of $3.07 billion, a PE ratio of 18.18 and a beta of 1.39. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39.

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

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 3.00%. Trinity Industries’s payout ratio is 54.63%.

Wall Street Analysts Forecast Growth

TRN has been the subject of several analyst reports. Susquehanna downgraded shares of Trinity Industries from a “positive” rating to a “neutral” rating and upped their target price for the company from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

About Trinity Industries

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.