Vanguard Group Inc. Acquires 126,139 Shares of Trinity Industries, Inc. (NYSE:TRN)

Vanguard Group Inc. boosted its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,099,602 shares of the transportation company's stock after purchasing an additional 126,139 shares during the quarter. Vanguard Group Inc. owned about 12.29% of Trinity Industries worth $354,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TRN. Fox Run Management L.L.C. lifted its position in Trinity Industries by 52.2% during the fourth quarter. Fox Run Management L.L.C. now owns 17,053 shares of the transportation company's stock worth $599,000 after acquiring an additional 5,847 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Trinity Industries during the fourth quarter worth approximately $583,000. American Century Companies Inc. lifted its holdings in Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after purchasing an additional 446,142 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Trinity Industries in the 4th quarter valued at $54,000. Finally, Xponance Inc. acquired a new position in Trinity Industries in the 4th quarter valued at $208,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Susquehanna boosted their target price on shares of Trinity Industries from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd.

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Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Trinity Industries Price Performance

NYSE:TRN traded down $0.82 during trading hours on Tuesday, reaching $24.16. 661,003 shares of the company were exchanged, compared to its average volume of 573,562. The business has a 50 day moving average of $31.17 and a 200 day moving average of $34.45. Trinity Industries, Inc. has a 1-year low of $23.50 and a 1-year high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market capitalization of $1.98 billion, a P/E ratio of 14.73 and a beta of 1.49.

Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company 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%. Research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, April 15th. Trinity Industries's payout ratio is 73.17%.

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.