Trinity Industries, Inc. (NYSE:TRN) Stock Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 84.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,867 shares of the transportation company's stock after selling 47,429 shares during the period. Teacher Retirement System of Texas' holdings in Trinity Industries were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in shares of Trinity Industries by 81.5% in the 3rd quarter. Citigroup Inc. now owns 115,775 shares of the transportation company's stock worth $4,034,000 after purchasing an additional 51,988 shares during the period. Cerity Partners LLC increased its position in Trinity Industries by 28.0% during the 3rd quarter. Cerity Partners LLC now owns 12,237 shares of the transportation company's stock worth $426,000 after purchasing an additional 2,680 shares in the last quarter. FMR LLC raised its holdings in Trinity Industries by 23.9% in the third quarter. FMR LLC now owns 116,755 shares of the transportation company's stock valued at $4,068,000 after buying an additional 22,522 shares during the period. Quantbot Technologies LP purchased a new stake in Trinity Industries during the third quarter worth approximately $293,000. Finally, BNP Paribas Financial Markets increased its position in shares of Trinity Industries by 53.9% in the third quarter. BNP Paribas Financial Markets now owns 73,179 shares of the transportation company's stock worth $2,550,000 after acquiring an additional 25,624 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Separately, Susquehanna lifted their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, March 3rd.

Trinity Industries Stock Down 6.2 %

NYSE TRN traded down $1.64 on Friday, reaching $25.01. The company had a trading volume of 1,057,086 shares, compared to its average volume of 569,978. The firm has a market capitalization of $2.05 billion, a PE ratio of 15.25 and a beta of 1.48. The firm has a 50-day moving average of $31.98 and a 200-day moving average of $34.66. Trinity Industries, Inc. has a 1 year low of $24.34 and a 1 year high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's payout ratio is currently 73.17%.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company's stock.

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.