Cerity Partners LLC Buys 2,680 Shares of Trinity Industries, Inc. (NYSE:TRN)

Cerity Partners LLC grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 28.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,237 shares of the transportation company’s stock after purchasing an additional 2,680 shares during the quarter. Cerity Partners LLC’s holdings in Trinity Industries were worth $426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in Trinity Industries by 4.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock worth $265,000 after buying an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Trinity Industries by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock worth $262,000 after acquiring an additional 423 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Trinity Industries by 85.6% during 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 in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Trinity Industries by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock worth $1,084,000 after purchasing an additional 497 shares during the last quarter. Finally, CWM LLC boosted its stake in Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after purchasing an additional 609 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $35.00 in a research report on Monday, October 21st. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price target for the company. Finally, StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Price Performance

Shares of Trinity Industries stock opened at $37.98 on Monday. The stock’s fifty day moving average is $36.05 and its 200 day moving average is $33.08. 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 quick ratio of 1.08 and a current ratio of 2.00. The stock has a market cap of $3.12 billion, a P/E ratio of 18.53 and a beta of 1.39.

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

Trinity Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.30 dividend. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, January 15th. Trinity Industries’s dividend payout ratio is presently 58.54%.

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.