Matrix Trust Co Has $173,000 Holdings in Trinity Industries, Inc. (NYSE:TRN)

Matrix Trust Co raised its holdings in Trinity Industries, Inc. (NYSE:TRN) by 599.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,923 shares of the transportation company’s stock after acquiring an additional 4,219 shares during the quarter. Matrix Trust Co’s holdings in Trinity Industries were worth $173,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRN. Encompass Capital Advisors LLC acquired a new position in shares of Trinity Industries during the second quarter worth approximately $40,527,000. American Century Companies Inc. raised its position in shares of Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after purchasing an additional 604,050 shares during the period. Millennium Management LLC raised its position in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after purchasing an additional 529,857 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Trinity Industries during the second quarter worth approximately $9,033,000. Finally, Algert Global LLC raised its position in shares of Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company’s stock worth $10,355,000 after purchasing an additional 165,105 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRN has been the topic of a number of research reports. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company.

Trinity Industries Stock Up 0.3 %

TRN stock opened at $34.91 on Monday. 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 company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 17.03 and a beta of 1.40. Trinity Industries, Inc. has a fifty-two week low of $23.40 and a fifty-two week high of $39.00. The stock has a fifty day moving average of $36.59 and a 200-day moving average of $34.11.

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

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.44%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) 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.