Focus Partners Wealth Has $296,000 Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Focus Partners Wealth lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,365 shares of the transportation company’s stock after purchasing an additional 2,595 shares during the period. Focus Partners Wealth’s holdings in Trinity Industries were worth $296,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Encompass Capital Advisors LLC raised its position in Trinity Industries by 16.7% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company’s stock worth $69,929,000 after acquiring an additional 285,237 shares in the last quarter. Ethic Inc. bought a new position in shares of Trinity Industries in the 4th quarter valued at about $300,000. Deutsche Bank AG increased its stake in shares of Trinity Industries by 197.2% during the 4th quarter. Deutsche Bank AG now owns 147,450 shares of the transportation company’s stock worth $5,175,000 after purchasing an additional 97,843 shares during the last quarter. Centiva Capital LP raised its holdings in shares of Trinity Industries by 12.7% in the 4th quarter. Centiva Capital LP now owns 10,106 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 1,142 shares during the period. Finally, AXA S.A. raised its holdings in shares of Trinity Industries by 119.8% in the 4th quarter. AXA S.A. now owns 126,152 shares of the transportation company’s stock valued at $4,428,000 after purchasing an additional 68,752 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction 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 completion of the sale, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Trinity Industries Trading Down 0.3%

TRN stock opened at $25.63 on Friday. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 15.63 and a beta of 1.47. The company has a fifty day moving average price of $26.30 and a two-hundred day moving average price of $32.36. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) 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 analyst estimates of $614.02 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business’s quarterly revenue was down 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. Equities analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Tuesday, July 15th. Trinity Industries’s payout ratio is 74.07%.

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.