State Street Corp Has $112.40 Million Holdings in Trinity Industries, Inc. (NYSE:TRN)

State Street Corp lifted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,226,026 shares of the transportation company's stock after buying an additional 73,183 shares during the quarter. State Street Corp owned about 3.93% of Trinity Industries worth $112,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Trinity Industries by 4.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock worth $265,000 after purchasing an additional 417 shares during the last quarter. GAMMA Investing LLC grew its position 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 valued at $35,000 after purchasing an additional 469 shares during the period. Commonwealth Equity Services LLC increased its stake in Trinity Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company's stock worth $1,084,000 after purchasing an additional 497 shares in the last quarter. CWM LLC raised its holdings in Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company's stock worth $181,000 after buying an additional 609 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Trinity Industries by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company's stock worth $1,233,000 after purchasing an additional 700 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRN. Susquehanna downgraded shares of Trinity Industries from a "positive" rating to a "neutral" rating and increased their price objective for the stock from $34.00 to $35.00 in a research note on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a research note on Monday, November 18th. They set a "neutral" rating and a $39.00 price objective on the stock. Finally, StockNews.com downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

Trinity Industries Stock Performance

TRN traded up $0.46 during trading on Monday, hitting $37.78. The stock had a trading volume of 420,317 shares, compared to its average volume of 540,832. The company has a 50 day moving average price of $36.41 and a 200-day moving average price of $33.34. Trinity Industries, Inc. has a one year low of $23.40 and a one year high of $39.00. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 18.43 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

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

Trinity Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, January 15th. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. Trinity Industries's dividend payout ratio 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.