Swiss National Bank Sells 1,200 Shares of Trinity Industries, Inc. (NYSE:TRN)

Swiss National Bank cut its stake in Trinity Industries, Inc. (NYSE:TRN) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,800 shares of the transportation company’s stock after selling 1,200 shares during the period. Swiss National Bank owned 0.19% of Trinity Industries worth $5,567,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Encompass Capital Advisors LLC bought a new stake in Trinity Industries in the second quarter valued at approximately $40,527,000. American Century Companies Inc. lifted its stake in Trinity Industries by 136.2% in the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock valued at $31,346,000 after buying an additional 604,050 shares during the period. Millennium Management LLC lifted its stake in Trinity Industries by 180.7% in the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock valued at $24,625,000 after buying an additional 529,857 shares during the period. First Eagle Investment Management LLC lifted its stake in Trinity Industries by 5.5% in the second quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company’s stock valued at $14,986,000 after buying an additional 26,300 shares during the period. Finally, Royce & Associates LP lifted its stake in Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after buying an additional 27,870 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TRN. Susquehanna lowered 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 research note on Monday, October 21st. The Goldman Sachs Group began coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $37.45 on Thursday. 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, Inc. has a twelve month low of $23.40 and a twelve month high of $38.69. The stock’s 50 day moving average is $35.48 and its 200-day moving average is $32.70. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.27 and a beta of 1.39.

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

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s payout ratio is currently 54.63%.

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.