Alliancebernstein L.P. Decreases Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Alliancebernstein L.P. lessened its stake in Trinity Industries, Inc. (NYSE:TRN) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,423 shares of the transportation company’s stock after selling 4,460 shares during the period. Alliancebernstein L.P. owned 0.12% of Trinity Industries worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of Trinity Industries by 42.5% during the 3rd quarter. Stifel Financial Corp now owns 87,424 shares of the transportation company’s stock valued at $3,046,000 after purchasing an additional 26,089 shares during the last quarter. State Street Corp increased its position in Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after buying an additional 73,183 shares in the last quarter. Barclays PLC increased its position 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 buying an additional 142,660 shares in the last quarter. M&T Bank Corp purchased a new stake in Trinity Industries in the third quarter valued at about $248,000. Finally, Geode Capital Management LLC boosted its holdings in Trinity Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after acquiring an additional 24,832 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Up 1.2 %

Shares of TRN opened at $25.54 on Tuesday. Trinity Industries, Inc. has a 12 month low of $23.50 and a 12 month high of $39.83. The firm has a market cap of $2.08 billion, a P/E ratio of 15.57 and a beta of 1.49. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The stock’s 50 day moving average is $30.01 and its two-hundred day moving average is $34.16.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.70%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s dividend payout ratio is currently 73.17%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.