Jennison Associates LLC Increases Holdings in Trinity Industries, Inc. (NYSE:TRN)

Jennison Associates LLC raised its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,588,234 shares of the transportation company's stock after purchasing an additional 18,851 shares during the quarter. Jennison Associates LLC owned about 4.37% of Trinity Industries worth $125,947,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in Trinity Industries by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company's stock valued at $376,000 after acquiring an additional 338 shares during the last quarter. GAMMA Investing LLC raised its position in Trinity Industries by 85.6% in the third 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. CWM LLC lifted its stake in shares of Trinity Industries by 13.3% in the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company's stock valued at $181,000 after purchasing an additional 609 shares during the last quarter. Matrix Trust Co acquired a new position in shares of Trinity Industries in the 3rd quarter valued at $25,000. Finally, Creative Planning grew its holdings in shares of Trinity Industries by 6.1% during the 3rd quarter. Creative Planning now owns 17,388 shares of the transportation company's stock worth $606,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Down 1.5 %

Shares of NYSE:TRN traded down $0.57 during trading on Friday, hitting $37.14. The company's stock had a trading volume of 379,842 shares, compared to its average volume of 472,882. Trinity Industries, Inc. has a fifty-two week low of $23.67 and a fifty-two week high of $39.83. The business has a 50 day moving average price of $36.91 and a two-hundred day moving average price of $35.12. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The company has a market capitalization of $3.05 billion, a PE ratio of 18.12 and a beta of 1.40.

Trinity Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.30 per share. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, January 15th. This represents a $1.20 annualized dividend and a yield of 3.23%. Trinity Industries's dividend payout ratio is 58.54%.

Analysts Set New Price Targets

TRN has been the topic of several research analyst reports. Susquehanna lowered shares of Trinity Industries from a "positive" rating to a "neutral" rating and boosted their price objective 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 report on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on Trinity Industries in a research report on Monday, November 18th. They issued a "neutral" rating and a $39.00 target price on the stock.

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.