Gabelli Funds LLC Trims Stake in Trinity Industries, Inc. (NYSE:TRN)

Gabelli Funds LLC lessened its position in Trinity Industries, Inc. (NYSE:TRN) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 577,700 shares of the transportation company’s stock after selling 16,500 shares during the quarter. Gabelli Funds LLC’s holdings in Trinity Industries were worth $20,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRN. Trexquant Investment LP lifted its stake in Trinity Industries by 9.5% in the fourth quarter. Trexquant Investment LP now owns 153,094 shares of the transportation company’s stock worth $5,374,000 after purchasing an additional 13,269 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Trinity Industries in the fourth quarter worth approximately $11,322,000. Truist Financial Corp lifted its stake in shares of Trinity Industries by 57.5% during the 4th quarter. Truist Financial Corp now owns 16,260 shares of the transportation company’s stock worth $571,000 after acquiring an additional 5,935 shares during the last quarter. Barclays PLC boosted its holdings in Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after acquiring an additional 142,660 shares during the period. Finally, New York State Common Retirement Fund grew its position in Trinity Industries by 160.0% in the 4th quarter. New York State Common Retirement Fund now owns 65,735 shares of the transportation company’s stock valued at $2,307,000 after acquiring an additional 40,450 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

Shares of NYSE:TRN opened at $25.29 on Wednesday. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The firm has a market cap of $2.06 billion, a PE ratio of 15.42 and a beta of 1.49. The firm’s 50 day simple moving average is $29.77 and its 200-day simple moving average is $34.10. Trinity Industries, Inc. has a one year low of $23.50 and a one year high of $39.83.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. As a group, equities analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 73.17%.

Analyst Upgrades and Downgrades

Separately, Susquehanna boosted their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Insiders Place Their Bets

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares in the company, valued at $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

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.