Trinity Industries Inc (NYSE:TRN) insider Brian D. Madison sold 2,157 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total value of $45,081.30. Following the completion of the transaction, the insider now directly owns 58,345 shares in the company, valued at approximately $1,219,410.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NYSE:TRN traded down $0.44 during mid-day trading on Thursday, hitting $20.41. The stock had a trading volume of 1,033,927 shares, compared to its average volume of 1,620,367. Trinity Industries Inc has a twelve month low of $18.99 and a twelve month high of $39.35. The company has a market capitalization of $2.75 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.60 and a beta of 2.08. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.86 and a current ratio of 2.02.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Trinity Industries had a net margin of 4.66% and a return on equity of 5.63%. The business had revenue of $604.80 million during the quarter, compared to the consensus estimate of $660.72 million. During the same period last year, the business posted $0.30 EPS. Trinity Industries’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts forecast that Trinity Industries Inc will post 1.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.17 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.68 annualized dividend and a yield of 3.33%. Trinity Industries’s dividend payout ratio (DPR) is currently 85.00%.
A number of research analysts have recently weighed in on the company. Stephens set a $24.00 price target on Trinity Industries and gave the company a “hold” rating in a research note on Thursday, March 28th. Mizuho restated a “buy” rating and issued a $32.00 price objective on shares of Trinity Industries in a report on Tuesday, February 26th. Cowen restated a “buy” rating and issued a $30.00 price objective on shares of Trinity Industries in a report on Wednesday, February 20th. Zacks Investment Research upgraded Trinity Industries from a “sell” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, April 30th. Finally, Stifel Nicolaus set a $33.00 price objective on Trinity Industries and gave the company a “buy” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Trinity Industries has a consensus rating of “Hold” and an average price target of $27.22.
Large investors have recently modified their holdings of the stock. Private Capital Group LLC lifted its stake in 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 lifted its stake in 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. First Hawaiian Bank acquired a new stake in Trinity Industries in the 1st quarter valued at about $62,000. BNP Paribas Arbitrage SA lifted its stake in Trinity Industries by 62.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,817 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Trinity Industries in the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 90.49% of the company’s stock.
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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