35,059 Shares in Trinity Industries, Inc. (NYSE:TRN) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 35,059 shares of the transportation company's stock, valued at approximately $1,049,000.

Several other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Trinity Industries during the 2nd quarter worth approximately $31,000. Canada Pension Plan Investment Board bought a new position in Trinity Industries during the second quarter worth about $54,000. Northwest Bank & Trust Co bought a new position in Trinity Industries during the fourth quarter worth about $66,000. Tradewinds Capital Management LLC bought a new position in Trinity Industries during the first quarter worth about $111,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Trinity Industries in the second quarter valued at about $175,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Trinity Industries Trading Up 0.2 %

Shares of TRN stock traded up $0.07 during mid-day trading on Tuesday, hitting $34.23. The company's stock had a trading volume of 299,676 shares, compared to its average volume of 500,356. Trinity Industries, Inc. has a 52 week low of $20.04 and a 52 week high of $37.04. The company has a market cap of $2.80 billion, a PE ratio of 22.97 and a beta of 1.39. The company's fifty day simple moving average is $32.90 and its 200-day simple moving average is $30.67. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98 and a current ratio of 1.91.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.32. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The firm had revenue of $841.40 million for the quarter, compared to the consensus estimate of $738.00 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company's revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. Trinity Industries's payout ratio is currently 75.17%.

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.