First Trust Advisors LP Raises Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

First Trust Advisors LP grew its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,254 shares of the transportation company’s stock after buying an additional 16,402 shares during the period. First Trust Advisors LP’s holdings in Trinity Industries were worth $6,467,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TRN. Arizona State Retirement System lifted its holdings in Trinity Industries by 1.5% during the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company’s stock valued at $840,000 after purchasing an additional 364 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 398 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Trinity Industries by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company’s stock valued at $300,000 after buying an additional 543 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after buying an additional 713 shares during the period. Finally, Everstar Asset Management LLC increased its stake in Trinity Industries by 6.2% in the 4th quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company’s stock worth $491,000 after buying an additional 813 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on TRN. Susquehanna lowered their price objective on Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group cut their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 17th.

Trinity Industries Trading Up 0.7 %

Shares of TRN stock opened at $25.05 on Wednesday. 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 has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.27 and a beta of 1.49. Trinity Industries, Inc. has a 12-month low of $23.50 and a 12-month high of $39.83. The stock’s 50-day moving average price is $27.75 and its 200-day moving average price is $33.44.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $589.30 million. Equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.79%. Trinity Industries’s dividend payout ratio (DPR) is presently 73.17%.

Insider Activity

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares of the company’s stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Trinity Industries 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.