Bessemer Group Inc. raised its stake in Trinity Industries Inc (NYSE:TRN) by 2,375.9% during the fourth quarter, Holdings Channel reports. The firm owned 7,279 shares of the transportation company’s stock after purchasing an additional 6,985 shares during the period. Bessemer Group Inc.’s holdings in Trinity Industries were worth $150,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Capital Group LLC boosted its holdings in shares of Trinity Industries by 47.1% in the 4th quarter. Private Capital Group LLC now owns 2,048 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 656 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Trinity Industries by 1,930.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,200,026 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,140,911 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Trinity Industries in the 4th quarter valued at $84,000. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in shares of Trinity Industries by 29.9% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 9,881 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Ramsey Quantitative Systems boosted its holdings in shares of Trinity Industries by 6.7% in the 4th quarter. Ramsey Quantitative Systems now owns 10,214 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 645 shares during the last quarter. Institutional investors own 88.92% of the company’s stock.
NYSE:TRN opened at $20.96 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.85 and a debt-to-equity ratio of 1.57. The firm has a market cap of $2.79 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.72 and a beta of 2.13. Trinity Industries Inc has a twelve month low of $18.99 and a twelve month high of $39.35.
Trinity Industries (NYSE:TRN) last posted its earnings results on Wednesday, February 20th. The transportation company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $735.00 million for the quarter, compared to analyst estimates of $670.90 million. Trinity Industries had a net margin of 4.63% and a return on equity of 5.26%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Sell-side analysts forecast that Trinity Industries Inc will post 1.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.17 per share. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, April 12th. This represents a $0.68 annualized dividend and a dividend yield of 3.24%. Trinity Industries’s payout ratio is presently 65.00%.
TRN has been the topic of a number of research analyst reports. Vertical Group lowered shares of Trinity Industries from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a report on Tuesday, December 4th. Seaport Global Securities upgraded shares of Trinity Industries from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Monday, November 26th. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Tuesday, February 26th. ValuEngine lowered shares of Trinity Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Cowen reiterated a “buy” rating and issued a $30.00 price target on shares of Trinity Industries in a report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.25.
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About Trinity Industries
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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