Natixis Advisors LLC Decreases Stake in Trinity Industries, Inc. (NYSE:TRN)

Natixis Advisors LLC reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 72.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,324 shares of the transportation company's stock after selling 132,009 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Trinity Industries worth $1,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Trinity Industries by 4.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock valued at $265,000 after acquiring an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Trinity Industries by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company's stock worth $262,000 after acquiring an additional 423 shares during the period. GAMMA Investing LLC raised 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 acquiring an additional 469 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Trinity Industries by 1.4% in 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. Finally, CWM LLC boosted its position in shares of Trinity Industries by 13.3% during the third quarter. CWM LLC now owns 5,197 shares of the transportation company's stock valued at $181,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Performance

Shares of TRN traded down $0.21 on Tuesday, reaching $37.66. The company's stock had a trading volume of 247,456 shares, compared to its average volume of 549,037. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $38.69. The stock has a market capitalization of $3.09 billion, a P/E ratio of 18.47 and a beta of 1.39. The stock's 50 day simple moving average is $35.39 and its two-hundred day simple moving average is $32.65.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. The business had revenue of $798.80 million during 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. Research analysts forecast that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.28 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 2.97%. Trinity Industries's dividend payout ratio is presently 54.63%.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of recent research reports. StockNews.com cut shares of Trinity Industries from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Susquehanna lowered Trinity Industries from a "positive" rating to a "neutral" rating and lifted their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on Trinity Industries in a research report on Monday, November 18th. They issued 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.