Dimensional Fund Advisors LP Reduces Position in Trinity Industries, Inc. (NYSE:TRN)

Dimensional Fund Advisors LP lowered its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,335,657 shares of the transportation company's stock after selling 239,259 shares during the period. Dimensional Fund Advisors LP owned approximately 6.49% of Trinity Industries worth $187,284,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Trexquant Investment LP boosted its holdings in shares of Trinity Industries by 9.5% in the 4th quarter. Trexquant Investment LP now owns 153,094 shares of the transportation company's stock worth $5,374,000 after purchasing an additional 13,269 shares during the period. Raymond James Financial Inc. bought a new position in Trinity Industries during the fourth quarter valued at $11,322,000. Truist Financial Corp raised its stake in shares of Trinity Industries by 57.5% in the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock valued at $571,000 after acquiring an additional 5,935 shares during the period. Barclays PLC lifted its holdings in shares of Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock worth $6,254,000 after acquiring an additional 142,660 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Trinity Industries by 160.0% during the 4th quarter. New York State Common Retirement Fund now owns 65,735 shares of the transportation company's stock worth $2,307,000 after purchasing an additional 40,450 shares during the period. 86.57% of the stock is owned by institutional investors.

Trinity Industries Trading Down 0.3 %

TRN stock traded down $0.07 during trading on Tuesday, hitting $24.82. The company had a trading volume of 69,411 shares, compared to its average volume of 571,782. The firm has a market capitalization of $2.03 billion, a P/E ratio of 15.16 and a beta of 1.49. 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 $23.50 and a 52-week high of $39.83. The company has a 50 day simple moving average of $27.88 and a 200-day simple moving average of $33.50.

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, beating 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 firm had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company 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 dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.84%. Trinity Industries's dividend payout ratio is currently 73.17%.

Insider Activity at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction dated 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 owns 111,879 shares of the company's stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRN has been the topic of a number of recent analyst reports. Susquehanna reduced 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 report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

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.