Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 390,434 shares of the transportation company's stock after selling 16,017 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of Trinity Industries worth $13,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TRN. UniSuper Management Pty Ltd acquired a new stake in shares of Trinity Industries during the 1st quarter valued at approximately $544,000. Marshall Wace LLP acquired a new position in shares of Trinity Industries during the 2nd quarter valued at $1,049,000. State of New Jersey Common Pension Fund D purchased a new position in Trinity Industries in the second quarter valued at about $1,824,000. GAMMA Investing LLC lifted its position in Trinity Industries by 85.6% during 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. Finally, Millennium Management LLC lifted its holdings in Trinity Industries by 180.7% in the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company's stock worth $24,625,000 after buying an additional 529,857 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRN has been the subject of a number of recent analyst reports. StockNews.com lowered Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Susquehanna cut shares of Trinity Industries from a "positive" rating to a "neutral" rating and upped their price target for the company from $34.00 to $35.00 in a report on Monday, October 21st.

Trinity Industries Stock Performance

Shares of TRN stock traded down $0.15 on Friday, hitting $37.22. 375,997 shares of the stock traded hands, compared to its average volume of 563,406. Trinity Industries, Inc. has a 1-year low of $23.40 and a 1-year high of $38.69. The company's fifty day moving average is $34.62 and its 200 day moving average is $32.34. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The company has a market capitalization of $3.06 billion, a PE ratio of 18.16 and a beta of 1.39.

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

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries's dividend payout ratio (DPR) is 54.63%.

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.