Rhumbline Advisers Cuts Holdings in Trinity Industries, Inc. (NYSE:TRN)

Rhumbline Advisers decreased its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,415 shares of the transportation company's stock after selling 10,174 shares during the quarter. Rhumbline Advisers owned about 0.31% of Trinity Industries worth $8,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRN. Algert Global LLC raised its holdings in shares of Trinity Industries by 125.0% in the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company's stock valued at $10,355,000 after buying an additional 165,105 shares during the last quarter. Barclays PLC increased its position in Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock valued at $6,254,000 after acquiring an additional 142,660 shares during the period. State Street Corp raised its stake in Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company's stock valued at $112,395,000 after acquiring an additional 73,183 shares during the last quarter. Citigroup Inc. lifted its position in Trinity Industries by 81.5% during the 3rd quarter. Citigroup Inc. now owns 115,775 shares of the transportation company's stock worth $4,034,000 after acquiring an additional 51,988 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Trinity Industries by 611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company's stock valued at $1,809,000 after purchasing an additional 44,615 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

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Trinity Industries Price Performance

Shares of TRN traded up $0.05 during mid-day trading on Friday, hitting $31.04. The company's stock had a trading volume of 541,531 shares, compared to its average volume of 543,337. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 1-year low of $24.49 and a 1-year high of $39.83. The firm has a market capitalization of $2.54 billion, a P/E ratio of 18.93 and a beta of 1.40. The firm has a 50-day simple moving average of $35.82 and a 200 day simple moving average of $35.17.

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

Trinity Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.87%. This is a boost from Trinity Industries's previous quarterly dividend of $0.28. Trinity Industries's payout ratio is presently 73.17%.

Wall Street Analysts Forecast Growth

TRN has been the subject of several analyst reports. StockNews.com cut Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. The Goldman Sachs Group assumed 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 for the company.

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.