Principal Financial Group Inc. Lowers Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Principal Financial Group Inc. reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Encompass Capital Advisors LLC acquired a new position in shares of Trinity Industries during the second quarter worth approximately $40,527,000. American Century Companies Inc. raised its holdings in Trinity Industries by 136.2% during the second quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company's stock worth $31,346,000 after buying an additional 604,050 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Trinity Industries by 180.7% during the second quarter. Millennium Management LLC now owns 823,040 shares of the transportation company's stock valued at $24,625,000 after buying an additional 529,857 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Trinity Industries during the second quarter valued at about $9,033,000. Finally, Algert Global LLC increased its position in shares of Trinity Industries by 125.0% during the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company's stock worth $10,355,000 after acquiring an additional 165,105 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Performance

TRN stock traded down $0.43 during midday trading on Friday, reaching $35.48. 217,164 shares of the company's stock traded hands, compared to its average volume of 543,066. The firm has a market capitalization of $2.92 billion, a PE ratio of 17.31 and a beta of 1.39. Trinity Industries, Inc. has a 52 week low of $23.40 and a 52 week high of $39.00. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The company has a 50-day moving average price of $36.53 and a two-hundred day moving average price of $33.74.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The business had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. During the same quarter last year, the company earned $0.26 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Trinity Industries's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 3.38%. Trinity Industries's dividend payout ratio is currently 58.54%.

Analyst Upgrades and Downgrades

TRN has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They set a "neutral" rating and a $39.00 target price on the stock. StockNews.com downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, Susquehanna cut shares of Trinity Industries from a "positive" rating to a "neutral" rating and boosted their price target for the stock from $34.00 to $35.00 in a report on Monday, October 21st.

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.