Illinois Municipal Retirement Fund Sells 2,189 Shares of Trinity Industries, Inc. (NYSE:TRN)

Illinois Municipal Retirement Fund cut its position in Trinity Industries, Inc. (NYSE:TRN) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,706 shares of the transportation company’s stock after selling 2,189 shares during the period. Illinois Municipal Retirement Fund’s holdings in Trinity Industries were worth $1,534,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRN. Creative Planning raised 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 purchasing an additional 1,000 shares during the last quarter. International Assets Investment Management LLC raised its position in Trinity Industries by 3,384.0% in the third quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock valued at $364,000 after purchasing an additional 10,152 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Trinity Industries by 25.9% in the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock valued at $888,000 after purchasing an additional 5,247 shares during the last quarter. Atria Investments Inc bought a new position in Trinity Industries in the third quarter valued at about $270,000. Finally, Crossmark Global Holdings Inc. bought a new position in Trinity Industries in the third quarter valued at about $204,000. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRN has been the subject of several research reports. The Goldman Sachs Group began coverage on Trinity Industries in a research report on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price for the company. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Trinity Industries Trading Up 0.2 %

Shares of TRN stock opened at $31.04 on Friday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 18.93 and a beta of 1.40. The stock has a 50-day moving average of $35.73 and a 200-day moving average of $35.16. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 1-year low of $24.49 and a 1-year high of $39.83.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $629.40 million during the quarter, compared to analysts’ expectations of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. Trinity Industries’s dividend payout ratio is presently 73.17%.

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.