The Manufacturers Life Insurance Company Trims Position in Trinity Industries Inc (TRN)

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The Manufacturers Life Insurance Company decreased its position in shares of Trinity Industries Inc (NYSE:TRN) by 4.0% in the first quarter, Holdings Channel reports. The firm owned 240,977 shares of the transportation company’s stock after selling 9,973 shares during the period. The Manufacturers Life Insurance Company’s holdings in Trinity Industries were worth $7,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRN. Optimum Investment Advisors acquired a new stake in Trinity Industries during the first quarter valued at $108,000. DekaBank Deutsche Girozentrale acquired a new stake in Trinity Industries during the first quarter valued at $115,000. Assetmark Inc. acquired a new stake in Trinity Industries during the fourth quarter valued at $137,000. Tocqueville Asset Management L.P. acquired a new stake in Trinity Industries during the fourth quarter valued at $215,000. Finally, FTB Advisors Inc. acquired a new stake in shares of Trinity Industries in the first quarter worth about $222,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

NYSE TRN opened at $34.82 on Tuesday. Trinity Industries Inc has a twelve month low of $26.80 and a twelve month high of $38.25. The company has a quick ratio of 2.10, a current ratio of 3.14 and a debt-to-equity ratio of 0.67. The stock has a market cap of $5.11 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.46 and a beta of 2.04.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Trinity Industries had a return on equity of 5.28% and a net margin of 19.26%. The business had revenue of $831.30 million during the quarter, compared to analysts’ expectations of $893.58 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. analysts expect that Trinity Industries Inc will post 1.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.49%. Trinity Industries’s dividend payout ratio is presently 34.21%.

TRN has been the subject of a number of analyst reports. Vertical Group reaffirmed a “sell” rating on shares of Trinity Industries in a research report on Thursday, April 26th. Stifel Nicolaus boosted their price target on Trinity Industries from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research raised Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. TheStreet cut Trinity Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, April 25th. Finally, Vertical Research initiated coverage on Trinity Industries in a research report on Tuesday, March 6th. They issued a “sell” rating and a $20.00 price target for the company. Three analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Buy” and an average price target of $38.42.

Trinity Industries Company Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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