Court Place Advisors LLC Sells 1,996 Shares of Trinity Industries, Inc. (NYSE:TRN)

Court Place Advisors LLC reduced its holdings in Trinity Industries, Inc. (NYSE:TRN) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,820 shares of the transportation company’s stock after selling 1,996 shares during the period. Court Place Advisors LLC’s holdings in Trinity Industries were worth $1,283,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Matrix Trust Co bought a new stake in Trinity Industries in the third quarter valued at $25,000. GAMMA Investing LLC boosted its stake in shares of Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Trinity Industries in the 2nd quarter worth about $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of Trinity Industries during the 2nd quarter worth about $54,000. Finally, Tradewinds Capital Management LLC bought a new position in Trinity Industries during the 1st quarter valued at about $111,000. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $35.00 in a report on Monday.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded up $0.09 during trading on Friday, reaching $35.85. The company’s stock had a trading volume of 49,637 shares, compared to its average volume of 546,983. The stock has a 50-day moving average price of $33.44 and a two-hundred day moving average price of $31.28. The stock has a market capitalization of $2.93 billion, a P/E ratio of 24.00 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a one year low of $20.19 and a one year high of $37.04.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company had revenue of $841.40 million during the quarter, compared to the consensus estimate of $738.00 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $0.28 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.12%. Trinity Industries’s payout ratio is 75.17%.

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.