Invesco Ltd. Sells 50,928 Shares of Trinity Industries, Inc. (NYSE:TRN)

Invesco Ltd. lessened its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 862,955 shares of the transportation company's stock after selling 50,928 shares during the quarter. Invesco Ltd. owned about 1.05% of Trinity Industries worth $30,290,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its position in shares of Trinity Industries by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock valued at $376,000 after acquiring an additional 338 shares during the last quarter. Arizona State Retirement System raised its position in shares of Trinity Industries by 1.5% during the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock valued at $840,000 after buying an additional 364 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after acquiring an additional 398 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after acquiring an additional 713 shares in the last quarter. Finally, Everstar Asset Management LLC increased its stake in Trinity Industries by 6.2% during the fourth quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock worth $491,000 after acquiring an additional 813 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective 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. Susquehanna dropped their price objective on shares of 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 Up 3.3 %

NYSE TRN traded up $0.81 during trading on Wednesday, hitting $25.51. The stock had a trading volume of 56,985 shares, compared to its average volume of 590,106. Trinity Industries, Inc. has a one year low of $23.50 and a one year high of $39.83. The stock has a 50 day simple moving average of $28.63 and a 200 day simple moving average of $33.79. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 15.55 and a beta of 1.49. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results 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 firm 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%. Sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The business also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's dividend payout ratio is currently 73.17%.

About Trinity Industries

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.