KBC Group NV reportedly acquired Trinity Industries, INC (NYSE: TRN) during the third quarter, as stated in the organization’s most recent Form 13F filing with the Securities and Exchange Commission (SEC).
This information is included in the company’s filing, which can be accessed.
The institutional investor spent nearly 120,000 dollars to purchase 5,569 shares in the transportation company.
This brings the total amount spent to around 120,000 dollars.
Other significant investors have been very active as of late, purchasing and selling TRN shares.
During the second quarter, Trinity Industries received a new investment of approximately 576 thousand dollars from KeyBank National Association Ohio.
During the quarter, this transaction took place.
The Arizona State Retirement System increased the amount of Trinity Industries stock owned by 8.7% during the second quarter of the fiscal year.
The Arizona State Retirement System now has 21,456 shares of the transportation company’s stock, which are currently valued at $520,000 after purchasing an additional 1,715 shares during the most recent quarter.
These shares were purchased after the Arizona State Retirement System made an additional purchase during the quarter.
During the third quarter, Raymond James Financial Services Advisors INC made a 13.7% increase in the proportion of Trinity Industries stock that was held within its portfolio. Raymond James Financial Services Advisors INC now has 10,615 shares held by the transportation company due to the purchase of 1,277 additional shares during the most recent fiscal quarter.
This was a result of the company’s investment in the company.
There is a total value of $227,000 associated with these shares.
The Ontario Teachers’ Pension Plan Board increased the amount of Trinity Industries stock it held in its portfolio by 44.1% during the second quarter compared to the first quarter.
The Ontario Teachers’ Pension Plan Board currently holds 80,520 shares held by the transportation company following the acquisition of an additional 24,646 shares during the most recent quarter.
The value of the combined total of all the stock held by the Ontario Teachers Pension Plan Board is currently $1,950,000.
Last but not least, SG Americas Securities LLC increased its holdings in Trinity Industries during the second quarter by purchasing an additional 4.9% of the company’s shares. SG Americas Securities LLC now holds 20,863 shares of the transportation company’s stock, following the acquisition of an additional 974 shares during the most recent quarter.
Each share of the company’s stock is currently valued at $505,000.
A total of 86.23 percent of the stock in the company is held by institutional investors and hedge funds as their investment holdings.
On Wednesday morning, the opening price of TRN on the New York Stock Exchange was $28.38.
Moving averages for the past 50 days come in at $28.99 for the company while moving averages for the past 200 days come in at $26.91.
Trinity Industries, INC hit a low point over the past 52 weeks of $20.94, while the company reached a high point over the past 52 weeks of $35.35.
There is a ratio of 4.36 debt to equity, a ratio of 0.61 quick ratios to current ratio, and a ratio of 1.80 current ratios to quick ratio.
Each of these ratios is relative to the others.
The company’s P/E ratio is 16.60, and its beta value stands at 1.40.
The market capitalization of the company is currently sitting at $2.31 billion.
On Thursday, December 8th, the board of directors for Trinity Industries made public their approval of a plan to repurchase a total of $250 million worth of the company’s shares through a buyback program.
The Transportation Company can repurchase up to 10.1% of its currently outstanding shares on the open market thanks to the terms of this authorization, which gives the company this ability.
It is standard for management to announce plans to repurchase shares of the company’s stock to convey that they consider the stock underpriced.
The company announced a quarterly dividend, which was paid out on January 31st.
In addition, the company issued a press release regarding the dividend. On January 13th, shareholders who had their record date on Friday were eligible to receive a dividend payment of $0.26 per share.
This payment was made available to those shareholders because their record date fell on Friday.
This translates into a dividend payment of $1.04 per share and a dividend yield of 3.66% when calculated annually.
The dividend money distributed by Trinity Industries every quarter has increased from $0.23 to $0.23 per share.
The date that constituted the beginning of the ex-dividend period was this past Thursday, January 12th.
The dividend payout ratio (DPR) for Trinity Industries is currently calculated to be 60.82% of total annual dividends.
There have been a significant number of research investigations carried out on TRN. Susquehanna Bancshares have given the stock of Trinity Industries a “neutral” rating, and a price objective of $30.00 has been established for the common share price of the company. On Monday, November 7th, a report was distributed to the general public for review.
TheStreet downgraded its previous rating of “c+” for shares of Trinity Industries to a rating of “b” in a research note published on Friday, November 18th. Susquehanna Investment Group has moved from a “positive” rating to a “neutral” rating on the stock of Trinity Industries, and the price target for the company’s stock has been set at $30.00.
A research note was made available to the general public on November 7th, which was a Monday.
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