Mutual of America Capital Management LLC cut its stake in Trinity Industries, Inc. (NYSE:TRN – Get Rating) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,189 shares of the transportation company’s stock after selling 345 shares during the period. Mutual of America Capital Management LLC’s holdings in Trinity Industries were worth $2,210,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TRN. Meeder Asset Management Inc. increased its position in shares of Trinity Industries by 101.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 920 shares of the transportation company’s stock worth $25,000 after purchasing an additional 464 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Trinity Industries during the third quarter worth about $122,000. CWM LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $174,000. AHL Investment Management Inc. bought a new position in shares of Trinity Industries in the fourth quarter valued at approximately $195,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Trinity Industries in the 3rd quarter worth approximately $229,000. Institutional investors and hedge funds own 96.56% of the company’s stock.
Shares of NYSE:TRN opened at $31.03 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.78 and a debt-to-equity ratio of 3.99. Trinity Industries, Inc. has a 1-year low of $24.70 and a 1-year high of $35.35. The stock has a market capitalization of $2.59 billion, a P/E ratio of 16.77 and a beta of 1.33. The business has a 50-day moving average price of $31.89 and a two-hundred day moving average price of $29.99.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 14th will be given a $0.23 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. Trinity Industries’s dividend payout ratio is currently 49.73%.
A number of equities research analysts recently weighed in on TRN shares. Zacks Investment Research downgraded Trinity Industries from a “hold” rating to a “sell” rating and set a $33.00 price objective for the company. in a research report on Monday, January 10th. StockNews.com assumed coverage on Trinity Industries in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.82.
In other Trinity Industries news, Director Holdings L.P. Valueact sold 3,780,000 shares of the stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $28.45, for a total value of $107,541,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian D. Madison sold 6,000 shares of the business’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $34.19, for a total transaction of $205,140.00. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
About Trinity Industries (Get Rating)
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.
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