Barclays PLC Grows Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Barclays PLC grew its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 387.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 179,500 shares of the transportation company's stock after acquiring an additional 142,660 shares during the period. Barclays PLC owned about 0.22% of Trinity Industries worth $6,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Trinity Industries by 2.3% during the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock worth $112,395,000 after acquiring an additional 73,183 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Trinity Industries by 125.9% during the third quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company's stock valued at $1,975,000 after purchasing an additional 31,758 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Trinity Industries in the 3rd quarter worth approximately $572,000. Royce & Associates LP grew its stake in shares of Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company's stock worth $12,801,000 after buying an additional 27,870 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Trinity Industries during the 2nd quarter valued at approximately $1,049,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRN shares. Susquehanna downgraded Trinity Industries from a "positive" rating to a "neutral" rating and raised their price target for the company from $34.00 to $35.00 in a report on Monday, October 21st. StockNews.com lowered shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research note on Monday, November 18th. They issued a "neutral" rating and a $39.00 target price on the stock.

Trinity Industries Stock Performance

Shares of Trinity Industries stock traded up $0.38 during trading on Friday, hitting $35.76. 1,927,014 shares of the company's stock traded hands, compared to its average volume of 547,293. Trinity Industries, Inc. has a 1 year low of $23.40 and a 1 year high of $39.00. The business has a 50-day simple moving average of $36.53 and a 200-day simple moving average of $33.47. The stock has a market capitalization of $2.94 billion, a P/E ratio of 17.44 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 announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. During the same quarter last year, the firm posted $0.26 EPS. The business's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. Trinity Industries's payout ratio is 58.54%.

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.