Worth Asset Management LLC Sells 500 Shares of Trinity Industries, Inc. (NYSE:TRN)

Worth Asset Management LLC trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,168 shares of the transportation company’s stock after selling 500 shares during the quarter. Worth Asset Management LLC’s holdings in Trinity Industries were worth $1,410,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Matrix Trust Co purchased a new stake in Trinity Industries in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC raised 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. Canada Pension Plan Investment Board purchased a new stake in Trinity Industries in the second quarter worth $54,000. CWM LLC boosted its holdings in Trinity Industries by 13.3% in the third quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock valued at $181,000 after acquiring an additional 609 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Trinity Industries during the 2nd quarter valued at $175,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRN. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com cut 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 target price for the company.

Trinity Industries Stock Down 2.6 %

Shares of Trinity Industries stock traded down $0.92 during trading on Wednesday, hitting $34.38. The company’s stock had a trading volume of 227,817 shares, compared to its average volume of 383,228. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $39.00. The company has a market capitalization of $2.82 billion, a PE ratio of 16.77 and a beta of 1.40. The company has a fifty day simple moving average of $36.55 and a two-hundred day simple moving average of $34.01. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00.

Trinity Industries (NYSE:TRN) last announced its earnings results 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. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. 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 firm earned $0.26 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts predict that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.30 per share. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%. Trinity Industries’s payout ratio is presently 58.54%.

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.