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Stifel Financial Corp Has $3.05 Million Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Trinity Industries logo with Transportation background

Stifel Financial Corp raised its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 42.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,424 shares of the transportation company's stock after acquiring an additional 26,089 shares during the period. Stifel Financial Corp owned approximately 0.11% of Trinity Industries worth $3,046,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TRN. Wealth Enhancement Advisory Services LLC raised its position in Trinity Industries by 4.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock worth $265,000 after acquiring an additional 417 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Trinity Industries by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company's stock worth $1,233,000 after buying an additional 700 shares in the last quarter. Innealta Capital LLC acquired a new position in Trinity Industries in the second quarter worth approximately $31,000. Commonwealth Equity Services LLC grew its position in Trinity Industries by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company's stock worth $1,084,000 after buying an additional 497 shares during the last quarter. Finally, Versor Investments LP increased its holdings in shares of Trinity Industries by 21.7% in the second quarter. Versor Investments LP now owns 30,386 shares of the transportation company's stock valued at $909,000 after buying an additional 5,410 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on TRN

Trinity Industries Stock Down 4.7 %

Shares of TRN traded down $1.71 during trading hours on Wednesday, reaching $34.97. The company's stock had a trading volume of 633,554 shares, compared to its average volume of 541,469. The company has a 50 day moving average of $36.54 and a two-hundred day moving average of $33.42. 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 firm has a market cap of $2.87 billion, a price-to-earnings ratio of 17.06 and a beta of 1.39. Trinity Industries, Inc. has a 1-year low of $23.40 and a 1-year high of $39.00.

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

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.30 per share. This is a boost from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. Trinity Industries's dividend payout ratio (DPR) is presently 58.54%.

Trinity Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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