BNP Paribas Financial Markets Purchases 25,624 Shares of Trinity Industries, Inc. (NYSE:TRN)

BNP Paribas Financial Markets lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 53.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,179 shares of the transportation company's stock after purchasing an additional 25,624 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Trinity Industries worth $2,550,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Matrix Trust Co purchased a new position in shares of Trinity Industries during the third quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock worth $35,000 after purchasing an additional 469 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Trinity Industries during the second quarter worth about $31,000. Canada Pension Plan Investment Board bought a new stake in shares of Trinity Industries in the second quarter worth $54,000. Finally, CWM LLC raised its stake in Trinity Industries by 13.3% during the third quarter. CWM LLC now owns 5,197 shares of the transportation company's stock valued at $181,000 after buying an additional 609 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Trinity Industries Trading Up 1.7 %

Trinity Industries stock traded up $0.63 during midday trading on Friday, reaching $37.98. The stock had a trading volume of 435,041 shares, compared to its average volume of 498,786. The firm's fifty day simple moving average is $36.05 and its two-hundred day simple moving average is $33.04. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 18.53 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, Inc. has a twelve month low of $23.40 and a twelve month high of $38.69.

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

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, January 15th. Trinity Industries's dividend payout ratio (DPR) is presently 54.63%.

About Trinity Industries

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.