UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 28,230 Shares of Trinity Industries, Inc. (NYSE:TRN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,172 shares of the transportation company's stock after selling 28,230 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Trinity Industries worth $8,716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC purchased a new stake in Trinity Industries during the 2nd quarter valued at $40,527,000. American Century Companies Inc. boosted its stake in Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company's stock valued at $31,346,000 after purchasing an additional 604,050 shares during the last quarter. Millennium Management LLC boosted its stake in Trinity Industries by 180.7% during the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company's stock valued at $24,625,000 after purchasing an additional 529,857 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Trinity Industries by 5.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 500,880 shares of the transportation company's stock valued at $14,986,000 after purchasing an additional 26,300 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Trinity Industries by 8.2% during the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company's stock valued at $12,801,000 after purchasing an additional 27,870 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trinity Industries Stock Performance

NYSE TRN traded down $0.62 on Monday, hitting $37.36. 467,859 shares of the company traded hands, compared to its average volume of 543,816. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 18.22 and a beta of 1.40. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. The business's 50 day moving average price is $36.10 and its 200-day moving average price is $33.13. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $38.69.

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

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.30 per share. 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. This represents a $1.20 annualized dividend and a yield of 3.21%. Trinity Industries's payout ratio is 54.63%.

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.