Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 74.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,203 shares of the transportation company's stock after selling 587,644 shares during the period. Truist Financial Corp owned 0.24% of Trinity Industries worth $5,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TRN. Gamco Investors INC. ET AL increased its position in shares of Trinity Industries by 1.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,238,703 shares of the transportation company's stock valued at $32,937,000 after purchasing an additional 21,540 shares during the last quarter. Orchard Capital Management LLC grew its position in shares of Trinity Industries by 5.5% in the 4th quarter. Orchard Capital Management LLC now owns 378,148 shares of the transportation company's stock valued at $10,055,000 after buying an additional 19,647 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Trinity Industries in the 4th quarter valued at $240,000. Goldman Sachs Group Inc. grew its position in shares of Trinity Industries by 72.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company's stock valued at $18,816,000 after buying an additional 297,153 shares during the last quarter. Finally, Northwest Bank & Trust Co purchased a new position in shares of Trinity Industries in the 4th quarter valued at $66,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 0.5 %

Shares of NYSE TRN traded up $0.17 during mid-day trading on Monday, reaching $34.16. The company had a trading volume of 417,257 shares, compared to its average volume of 550,761. Trinity Industries, Inc. has a 52-week low of $20.04 and a 52-week high of $37.04. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The stock has a market cap of $2.80 billion, a P/E ratio of 22.93 and a beta of 1.39. The firm has a 50 day simple moving average of $32.87 and a two-hundred day simple moving average of $30.62.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.32. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company had revenue of $841.40 million for the quarter, compared to the consensus estimate of $738.00 million. During the same period last year, the firm posted $0.23 EPS. Trinity Industries's revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries's payout ratio is currently 75.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Trinity Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th.

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.