Geode Capital Management LLC Increases Holdings in Trinity Industries, Inc. (NYSE:TRN)

Geode Capital Management LLC boosted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,848,591 shares of the transportation company's stock after acquiring an additional 24,832 shares during the period. Geode Capital Management LLC owned 2.25% of Trinity Industries worth $64,418,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRN. Wealth Enhancement Advisory Services LLC raised its stake in shares of Trinity Industries by 4.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock valued at $265,000 after purchasing an additional 417 shares during the period. GAMMA Investing LLC grew its position in shares of Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock worth $35,000 after buying an additional 469 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Trinity Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company's stock valued at $1,084,000 after purchasing an additional 497 shares during the period. CWM LLC raised its stake in Trinity Industries by 13.3% in the third quarter. CWM LLC now owns 5,197 shares of the transportation company's stock worth $181,000 after buying an additional 609 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Trinity Industries by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company's stock worth $1,233,000 after acquiring an additional 700 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

TRN traded up $0.38 during mid-day trading on Friday, reaching $35.76. 1,927,014 shares of the company traded hands, compared to its average volume of 547,293. The company's fifty day moving average price is $36.53 and its 200-day moving average price is $33.52. The stock has a market capitalization of $2.94 billion, a P/E ratio of 17.44 and a beta of 1.39. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $39.00.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $798.80 million for the quarter, compared to analysts' expectations of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.36%. This is a positive change from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, January 15th. Trinity Industries's dividend payout ratio is 58.54%.

Analyst Ratings Changes

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

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.