First National Bank of Mount Dora Trust Investment Services Sells 1,238 Shares of Trinity Industries, Inc. (NYSE:TRN)

First National Bank of Mount Dora Trust Investment Services lowered its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 10.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,166 shares of the transportation company’s stock after selling 1,238 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Trinity Industries were worth $357,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after purchasing an additional 73,183 shares during the period. HighTower Advisors LLC boosted its position in Trinity Industries by 125.9% during the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock worth $1,975,000 after purchasing an additional 31,758 shares during the period. Intech Investment Management LLC bought a new position in Trinity Industries during the third quarter worth about $572,000. Royce & Associates LP boosted its position in Trinity Industries by 8.2% during the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after purchasing an additional 27,870 shares during the period. Finally, Marshall Wace LLP bought a new position in Trinity Industries during the second quarter worth about $1,049,000. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

TRN has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price for the company. StockNews.com lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Susquehanna downgraded shares of 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 report on Monday, October 21st.

Trinity Industries Trading Up 1.8 %

Shares of TRN opened at $38.26 on Friday. The firm’s 50 day simple moving average is $36.78 and its 200 day simple moving average is $34.32. The company has a market capitalization of $3.14 billion, a P/E ratio of 18.66 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. Trinity Industries, Inc. has a 1-year low of $23.40 and a 1-year high of $39.00.

Trinity Industries (NYSE:TRN) last announced its 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. The business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. Trinity Industries’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. Sell-side analysts forecast that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 15th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. Trinity Industries’s dividend payout ratio (DPR) is 54.63%.

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.