Belpointe Asset Management LLC Takes $80,000 Position in Trinity Industries, Inc. (NYSE:TRN)

Belpointe Asset Management LLC purchased a new position in Trinity Industries, Inc. (NYSE:TRN – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,717 shares of the transportation company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in shares of Trinity Industries by 0.9% in the 3rd quarter. New York State Common Retirement Fund now owns 60,576 shares of the transportation company’s stock worth $1,293,000 after acquiring an additional 558 shares during the last quarter. KBC Group NV bought a new position in Trinity Industries during the 3rd quarter valued at about $119,000. Cipher Capital LP purchased a new position in Trinity Industries during the 3rd quarter valued at $1,144,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Trinity Industries by 13.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,615 shares of the transportation company’s stock valued at $227,000 after acquiring an additional 1,277 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Trinity Industries by 1.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,000 shares of the transportation company’s stock valued at $576,000 after acquiring an additional 426 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 0.1 %

Trinity Industries stock opened at $21.40 on Friday. The business has a fifty day moving average of $22.96 and a two-hundred day moving average of $26.68. The company has a quick ratio of 0.72, a current ratio of 1.80 and a debt-to-equity ratio of 4.56. The firm has a market cap of $1.74 billion, a P/E ratio of 27.44 and a beta of 1.38. Trinity Industries, Inc. has a twelve month low of $20.07 and a twelve month high of $31.68.

Trinity Industries (NYSE:TRN – Get Rating) last announced its earnings results on Tuesday, May 2nd. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.25). The firm had revenue of $641.70 million during the quarter, compared to the consensus estimate of $654.63 million. Trinity Industries had a return on equity of 6.61% and a net margin of 3.04%. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. On average, analysts forecast that Trinity Industries, Inc. will post 1.51 earnings per share for the current fiscal year.

Trinity Industries Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, July 13th. Trinity Industries’s dividend payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TRN shares. Wells Fargo & Company decreased their price objective on shares of Trinity Industries from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. StockNews.com began coverage on shares of Trinity Industries in a report on Thursday. They set a “hold” rating for the company. TheStreet downgraded Trinity Industries from a “b-” rating to a “c” rating in a report on Tuesday, May 2nd. Stephens reduced their price objective on Trinity Industries from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Finally, Susquehanna reduced their price objective on Trinity Industries from $26.00 to $22.00 in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Trinity Industries presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Insiders Place Their Bets

In other news, CEO Jean Savage purchased 4,300 shares of the business’s stock in a transaction on Monday, March 20th. The shares were acquired at an average cost of $23.19 per share, with a total value of $99,717.00. Following the completion of the acquisition, the chief executive officer now owns 194,176 shares of the company’s stock, valued at $4,502,941.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Todd Maclin purchased 4,500 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was acquired at an average price of $21.19 per share, with a total value of $95,355.00. Following the completion of the acquisition, the director now owns 27,548 shares in the company, valued at approximately $583,742.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jean Savage purchased 4,300 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was bought at an average cost of $23.19 per share, with a total value of $99,717.00. Following the acquisition, the chief executive officer now owns 194,176 shares of the company’s stock, valued at approximately $4,502,941.44. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 13,285 shares of company stock valued at $295,043. 1.20% of the stock is currently owned by insiders.

About Trinity Industries

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Trinity Industries, Inc engages in the provision of rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services.