Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 14.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 308,281 shares of the transportation company's stock after selling 50,019 shares during the quarter. Victory Capital Management Inc. owned about 0.38% of Trinity Industries worth $10,741,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TRN. Wealth Enhancement Advisory Services LLC raised its holdings in Trinity Industries by 4.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company's stock worth $265,000 after purchasing an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Trinity Industries by 5.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company's stock valued at $262,000 after buying an additional 423 shares in the last quarter. GAMMA Investing LLC grew its holdings in Trinity Industries by 85.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company's stock valued at $35,000 after buying an additional 469 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Trinity Industries by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company's stock worth $1,084,000 after acquiring an additional 497 shares during the last quarter. Finally, CWM LLC increased its position in Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company's stock worth $181,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRN. The Goldman Sachs Group started coverage on shares of Trinity Industries in a report on Monday. They issued a "neutral" rating and a $39.00 target price on the stock. StockNews.com downgraded shares of Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, Susquehanna cut shares of Trinity Industries from a "positive" rating to a "neutral" rating and lifted their target price for the stock from $34.00 to $35.00 in a research note on Monday, October 21st.

Trinity Industries Stock Down 2.5 %

Shares of NYSE:TRN opened at $37.03 on Thursday. 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 firm has a market cap of $3.04 billion, a price-to-earnings ratio of 18.06 and a beta of 1.39. The stock's 50-day moving average price is $34.91 and its two-hundred day moving average price is $32.46. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $38.69.

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

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.28 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.02%. Trinity Industries's dividend payout ratio (DPR) is presently 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.