Capital International Investors raised its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,450,669 shares of the transportation company's stock after purchasing an additional 61,901 shares during the period. Capital International Investors owned 6.63% of Trinity Industries worth $191,388,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of TRN. Wellington Shields Capital Management LLC purchased a new stake in shares of Trinity Industries during the 4th quarter worth approximately $35,000. Millstone Evans Group LLC purchased a new position in shares of Trinity Industries during the fourth quarter worth about $54,000. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 713 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after purchasing an additional 398 shares during the period. Finally, KBC Group NV grew its stake in 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 buying an additional 1,649 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares of the company's stock, valued at $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.
Trinity Industries Stock Performance
TRN traded down $0.17 during trading on Friday, reaching $25.08. The company's stock had a trading volume of 85,910 shares, compared to its average volume of 574,595. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The company's fifty day moving average price is $28.25 and its 200-day moving average price is $33.67. Trinity Industries, Inc. has a 52-week low of $23.50 and a 52-week high of $39.83. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.30 and a beta of 1.49.
Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $629.40 million for the quarter, compared to analysts' expectations of $589.30 million. On average, equities analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.
Trinity Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 4.78%. The ex-dividend date is Tuesday, April 15th. Trinity Industries's dividend payout ratio (DPR) is 73.17%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Susquehanna decreased their price objective on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.
View Our Latest Stock Analysis on Trinity Industries
About Trinity Industries
(
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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