Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in Trinity Industries, Inc. (NYSE:TRN) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,306 shares of the transportation company’s stock after selling 703 shares during the quarter. Amalgamated Bank’s holdings in Trinity Industries were worth $847,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRN. Nisa Investment Advisors LLC lifted its position in shares of Trinity Industries by 25.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after buying an additional 5,247 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Trinity Industries by 3,384.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock valued at $364,000 after buying an additional 10,152 shares during the last quarter. Twelve Points Wealth Management LLC raised its stake in Trinity Industries by 7.8% during the third quarter. Twelve Points Wealth Management LLC now owns 37,772 shares of the transportation company’s stock worth $1,316,000 after acquiring an additional 2,744 shares during the period. Creative Planning lifted its holdings in Trinity Industries by 6.1% in the third quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock worth $606,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in Trinity Industries in the third quarter valued at approximately $290,000. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Trading Down 1.3 %

Shares of NYSE:TRN opened at $37.37 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The company’s 50-day moving average price is $34.40 and its 200 day moving average price is $32.19. The company has a market cap of $3.07 billion, a PE ratio of 18.18 and a beta of 1.39. Trinity Industries, Inc. has a fifty-two week low of $23.40 and a fifty-two week high of $38.69.

Trinity Industries (NYSE:TRN) last released its quarterly 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 return on equity of 14.57% and a net margin of 5.31%. The company had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.00%. Trinity Industries’s payout ratio is 54.63%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.