Algert Global LLC Trims Stake in Trinity Industries, Inc. (NYSE:TRN)

Algert Global LLC lowered its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 59.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 121,129 shares of the transportation company's stock after selling 176,101 shares during the period. Algert Global LLC owned about 0.15% of Trinity Industries worth $4,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Trinity Industries by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock worth $354,496,000 after purchasing an additional 126,139 shares in the last quarter. Capital International Investors boosted its position in shares of Trinity Industries by 1.1% during the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock valued at $191,388,000 after acquiring an additional 61,901 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Trinity Industries by 0.5% in the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock worth $125,947,000 after buying an additional 18,851 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Trinity Industries during the fourth quarter valued at approximately $104,136,000. Finally, American Century Companies Inc. lifted its position in Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after buying an additional 446,142 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Trading Up 5.0%

NYSE:TRN traded up $1.25 during midday trading on Monday, hitting $26.27. The stock had a trading volume of 66,290 shares, compared to its average volume of 568,144. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.03 and a beta of 1.47. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83. The stock has a 50-day moving average of $26.83 and a 200 day moving average of $32.84.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The company's revenue for the quarter was down 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Tuesday, April 15th. Trinity Industries's dividend payout ratio is currently 74.07%.

Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares of the company's stock, valued at approximately $3,470,486.58. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

TRN has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Susquehanna reduced their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

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.