Trexquant Investment LP increased its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,094 shares of the transportation company's stock after purchasing an additional 13,269 shares during the quarter. Trexquant Investment LP owned about 0.19% of Trinity Industries worth $5,374,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TRN. Everstar Asset Management LLC increased its position in shares of Trinity Industries by 6.2% during the fourth quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock valued at $491,000 after buying an additional 813 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Trinity Industries by 28.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 843,435 shares of the transportation company's stock valued at $29,605,000 after purchasing an additional 184,603 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Trinity Industries by 20.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,713 shares of the transportation company's stock worth $411,000 after purchasing an additional 1,998 shares during the period. New Age Alpha Advisors LLC bought a new stake in Trinity Industries during the fourth quarter valued at $4,070,000. Finally, Norges Bank bought a new stake in Trinity Industries during the fourth quarter valued at $2,441,000. 86.57% of the stock is currently owned by institutional investors.
Trinity Industries Price Performance
Shares of NYSE TRN traded down $1.33 during mid-day trading on Thursday, reaching $25.32. 199,158 shares of the company were exchanged, compared to its average volume of 590,363. The company's 50 day moving average price is $30.71 and its 200 day moving average price is $34.34. Trinity Industries, Inc. has a 52 week low of $23.50 and a 52 week high of $39.83. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The stock has a market capitalization of $2.07 billion, a PE ratio of 15.44 and a beta of 1.49.
Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.
Trinity Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's payout ratio is presently 73.17%.
Wall Street Analyst Weigh In
Separately, Susquehanna raised their price target on Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, March 3rd.
Read Our Latest Stock Analysis on TRN
Insider Buying and Selling at Trinity Industries
In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.
About Trinity Industries
(
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.
Further Reading
Before you consider Trinity Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trinity Industries wasn't on the list.
While Trinity Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
