Choreo LLC Has $352,000 Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Choreo LLC lowered its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,018 shares of the transportation company’s stock after selling 535 shares during the period. Choreo LLC’s holdings in Trinity Industries were worth $352,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp grew its stake in Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after acquiring an additional 73,183 shares during the period. HighTower Advisors LLC grew its stake in Trinity Industries by 125.9% in the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock valued at $1,975,000 after acquiring an additional 31,758 shares during the period. Intech Investment Management LLC acquired a new stake in Trinity Industries in the third quarter valued at approximately $572,000. Royce & Associates LP grew its stake in Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after acquiring an additional 27,870 shares during the period. Finally, GAMMA Investing LLC grew its stake in Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Down 0.7 %

TRN stock opened at $35.22 on Friday. Trinity Industries, Inc. has a twelve month low of $23.67 and a twelve month high of $39.83. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The stock’s 50 day moving average is $36.84 and its 200-day moving average is $35.25. The firm has a market capitalization of $2.89 billion, a PE ratio of 17.18 and a beta of 1.40.

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Wednesday, January 15th. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is currently 58.54%.

Analyst Upgrades and Downgrades

TRN has been the subject of a number of research reports. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price objective for the company.

About Trinity Industries

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.