Fmr LLC Raises Holdings in Trinity Industries, Inc. (NYSE:TRN)

FMR LLC increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 23.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,755 shares of the transportation company's stock after buying an additional 22,522 shares during the quarter. FMR LLC owned about 0.14% of Trinity Industries worth $4,068,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new position in Trinity Industries during the third quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in Trinity Industries during the second quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock worth $35,000 after buying an additional 469 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Trinity Industries during the second quarter worth approximately $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Trinity Industries during the second quarter worth approximately $175,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Trading Down 0.2 %

Shares of NYSE TRN traded down $0.06 during trading on Friday, reaching $37.32. The stock had a trading volume of 319,971 shares, compared to its average volume of 541,332. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The company has a market cap of $3.07 billion, a P/E ratio of 18.20 and a beta of 1.39. Trinity Industries, Inc. has a fifty-two week low of $23.40 and a fifty-two week high of $39.00. The business's 50-day moving average price is $36.41 and its 200-day moving average price is $33.32.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Wednesday, January 15th. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. Trinity Industries's payout ratio is currently 54.63%.

Analyst Ratings Changes

Several research firms have issued reports on TRN. Susquehanna cut Trinity Industries from a "positive" rating to a "neutral" rating and raised their target price for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com cut Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group began coverage on Trinity Industries in a research note on Monday, November 18th. They set a "neutral" rating and a $39.00 target price for the company.

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.