Capital International Investors Boosts Position in Trinity Industries, Inc. (NYSE:TRN)

Capital International Investors grew its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,450,669 shares of the transportation company's stock after buying an additional 61,901 shares during the period. Capital International Investors owned 6.63% of Trinity Industries worth $191,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in Trinity Industries by 387.2% during the third 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 during the period. Geode Capital Management LLC grew its holdings in shares of Trinity Industries by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company's stock worth $64,418,000 after purchasing an additional 24,832 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Trinity Industries by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock worth $376,000 after purchasing an additional 338 shares in the last quarter. Tidal Investments LLC increased its position in shares of Trinity Industries by 17.9% in the third quarter. Tidal Investments LLC now owns 16,186 shares of the transportation company's stock worth $564,000 after purchasing an additional 2,456 shares during the last quarter. Finally, Matrix Trust Co raised its stake in Trinity Industries by 599.3% in the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company's stock valued at $173,000 after purchasing an additional 4,219 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TRN. The Goldman Sachs Group dropped 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. Susquehanna dropped their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday.

Trinity Industries Trading Down 0.4 %

Shares of TRN traded down $0.11 during mid-day trading on Wednesday, reaching $24.59. The company's stock had a trading volume of 597,767 shares, compared to its average volume of 582,916. Trinity Industries, Inc. has a 52 week low of $23.50 and a 52 week high of $39.83. The stock has a market cap of $2.01 billion, a PE ratio of 14.99 and a beta of 1.49. The company's fifty day moving average price is $28.63 and its two-hundred day moving average price is $33.79. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. On average, analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.88%. Trinity Industries's dividend payout ratio (DPR) is currently 73.17%.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.

Trinity Industries Company 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.