Deutsche Bank AG Raises Position in Trinity Industries, Inc. (NYSE:TRN)

Deutsche Bank AG grew its stake in Trinity Industries, Inc. (NYSE:TRN) by 197.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 147,450 shares of the transportation company’s stock after buying an additional 97,843 shares during the quarter. Deutsche Bank AG’s holdings in Trinity Industries were worth $5,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Shields Capital Management LLC bought a new stake in Trinity Industries in the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its stake in Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock worth $54,000 after acquiring an additional 713 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Trinity Industries in the 4th quarter worth about $54,000. Jones Financial Companies Lllp boosted its position in 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 acquiring an additional 398 shares in the last quarter. Finally, KBC Group NV grew its stake in Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the period. Institutional investors own 86.57% of the company’s stock.

Insider Activity

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the company’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. This represents a 7.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRN shares. Susquehanna dropped their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on 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 Price Performance

NYSE TRN opened at $26.89 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The firm has a market capitalization of $2.19 billion, a P/E ratio of 16.39 and a beta of 1.47. The company has a 50-day moving average price of $26.54 and a 200-day moving average price of $32.54.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $585.40 million for the quarter, compared to analysts’ expectations of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm’s quarterly revenue was down 27.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Tuesday, July 15th. Trinity Industries’s dividend payout ratio (DPR) is 74.07%.

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.