Jacobs Levy Equity Management Inc. Has $3.10 Million Position in Trinity Industries, Inc. (NYSE:TRN)

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,382 shares of the transportation company’s stock after selling 1,855 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.14% of Trinity Industries worth $3,102,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. UniSuper Management Pty Ltd bought a new position in shares of Trinity Industries during the first quarter worth about $544,000. Louisiana State Employees Retirement System bought a new position in shares of Trinity Industries during the fourth quarter worth about $1,090,000. Chesapeake Capital Corp IL bought a new position in shares of Trinity Industries during the fourth quarter worth about $908,000. Criterion Capital Advisors LLC bought a new position in Trinity Industries in the fourth quarter valued at approximately $76,000. Finally, Cullen Investment Group LTD. bought a new position in Trinity Industries in the fourth quarter valued at approximately $366,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TRN shares. Susquehanna raised their price target on Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd. TD Cowen raised their price target on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.00.

Trinity Industries Stock Performance

Shares of NYSE TRN traded up $0.46 during midday trading on Wednesday, hitting $33.30. 168,495 shares of the company’s stock were exchanged, compared to its average volume of 548,900. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. Trinity Industries, Inc. has a 12 month low of $20.04 and a 12 month high of $34.24. The company’s 50 day moving average price is $30.37 and its 200 day moving average price is $28.11. The firm has a market capitalization of $2.73 billion, a PE ratio of 22.04 and a beta of 1.41.

Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The company had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. As a group, analysts predict that Trinity Industries, Inc. will post 1.45 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, July 15th. This represents a $1.12 annualized dividend and a yield of 3.36%. Trinity Industries’s payout ratio is currently 75.17%.

Insider Buying and Selling

In related news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the completion of the sale, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

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.