AXA S.A. boosted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 119.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,152 shares of the transportation company's stock after buying an additional 68,752 shares during the period. AXA S.A. owned approximately 0.15% of Trinity Industries worth $4,428,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Trinity Industries in the 4th quarter worth $35,000. Millstone Evans Group LLC purchased a new position in Trinity Industries in the fourth quarter worth $54,000. Smartleaf Asset Management LLC boosted its holdings in Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after buying an additional 713 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after acquiring an additional 398 shares during the period. Finally, KBC Group NV boosted its stake in shares of Trinity Industries by 71.6% during the 4th quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock worth $139,000 after acquiring an additional 1,649 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on TRN shares. The Goldman Sachs Group dropped their price objective on 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 lowered their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd.
Check Out Our Latest Research Report on Trinity Industries
Trinity Industries Price Performance
TRN traded up $0.58 during midday trading on Tuesday, reaching $27.07. 91,831 shares of the company's stock were exchanged, compared to its average volume of 568,235. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83. The stock has a market capitalization of $2.21 billion, a PE ratio of 16.51 and a beta of 1.47. 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 business's 50-day moving average price is $26.76 and its 200 day moving average price is $32.78.
Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company's revenue for the quarter was down 27.7% on a year-over-year basis. As a group, equities analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.
Trinity Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.43%. Trinity Industries's dividend payout ratio is currently 74.07%.
Trinity Industries Profile
(
Free Report)
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.
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