Oregon Public Employees Retirement Fund Acquires New Position in Trinity Industries Inc (TRN)

Oregon Public Employees Retirement Fund acquired a new stake in Trinity Industries Inc (NYSE:TRN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,778 shares of the transportation company’s stock, valued at approximately $2,014,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Trinity Industries in the first quarter valued at about $108,000. DekaBank Deutsche Girozentrale bought a new stake in Trinity Industries in the first quarter valued at about $115,000. Cerebellum GP LLC bought a new stake in Trinity Industries in the second quarter valued at about $176,000. KBC Group NV increased its holdings in Trinity Industries by 108.0% in the second quarter. KBC Group NV now owns 5,637 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 2,927 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in Trinity Industries in the second quarter valued at about $207,000. Institutional investors and hedge funds own 83.73% of the company’s stock.

Shares of TRN stock traded up $0.79 on Friday, hitting $39.00. 1,956,785 shares of the stock were exchanged, compared to its average volume of 1,676,787. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.52 and a quick ratio of 1.61. The stock has a market capitalization of $5.41 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.26 and a beta of 2.18. Trinity Industries Inc has a fifty-two week low of $30.39 and a fifty-two week high of $39.19.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. The company had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $965.24 million. Trinity Industries had a return on equity of 5.68% and a net margin of 19.42%. Trinity Industries’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities analysts expect that Trinity Industries Inc will post 1.62 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 15th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.33%. Trinity Industries’s dividend payout ratio (DPR) is presently 34.21%.

A number of research analysts have issued reports on TRN shares. Buckingham Research boosted their target price on Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Vertical Group raised Trinity Industries from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. TheStreet raised Trinity Industries from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. Mizuho started coverage on Trinity Industries in a research note on Wednesday, July 4th. They issued a “buy” rating and a $42.00 target price for the company. Finally, Stifel Nicolaus boosted their target price on Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Trinity Industries currently has an average rating of “Buy” and a consensus price target of $41.00.

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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