Gamco Investors INC. ET AL decreased its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,127,945 shares of the transportation company's stock after selling 60,360 shares during the period. Gamco Investors INC. ET AL owned about 1.37% of Trinity Industries worth $39,591,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Trinity Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock valued at $354,496,000 after purchasing an additional 126,139 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Trinity Industries by 0.5% during the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock valued at $125,947,000 after buying an additional 18,851 shares during the last quarter. State Street Corp grew its position in shares of Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock worth $112,395,000 after buying an additional 73,183 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Trinity Industries in the fourth quarter worth $104,136,000. Finally, American Century Companies Inc. raised its holdings in Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after acquiring an additional 446,142 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Susquehanna boosted their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group decreased their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday.
Get Our Latest Research Report on Trinity Industries
Trinity Industries Stock Performance
Trinity Industries stock traded up $0.47 during midday trading on Friday, reaching $25.35. 465,842 shares of the stock traded hands, compared to its average volume of 583,063. The firm has a fifty day moving average price of $29.05 and a two-hundred day moving average price of $33.91. Trinity Industries, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $39.83. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 15.46 and a beta of 1.49. 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 issued its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.
Trinity Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's dividend payout ratio (DPR) is presently 73.17%.
Insider Activity at Trinity Industries
In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company's stock in a transaction dated 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 directly owns 111,879 shares of the company's stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company's stock.
Trinity Industries Company Profile
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Free Report)
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.
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