Trinity Industries, Inc. (NYSE:TRN) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 367,421 shares of the transportation company's stock after purchasing an additional 27,870 shares during the quarter. Royce & Associates LP owned about 0.45% of Trinity Industries worth $12,801,000 at the end of the most recent reporting period.

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

Trinity Industries Trading Down 0.4 %

NYSE TRN traded down $0.15 during trading on Friday, hitting $37.22. The stock had a trading volume of 375,997 shares, compared to its average volume of 563,406. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The company has a market capitalization of $3.06 billion, a PE ratio of 18.16 and a beta of 1.39. The firm has a 50 day moving average price of $34.62 and a 200 day moving average price of $32.34. Trinity Industries, Inc. has a twelve month low of $23.40 and a twelve month high of $38.69.

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, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $798.80 million during 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%. The firm's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. As a group, equities research analysts forecast that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on TRN. Susquehanna lowered shares of Trinity Industries from a "positive" rating to a "neutral" rating and boosted their target price for the company from $34.00 to $35.00 in a report on Monday, October 21st. StockNews.com downgraded Trinity Industries from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.

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.