Adage Capital Partners GP L.L.C. Purchases Shares of 29,978 Trinity Industries, Inc. $TRN

Adage Capital Partners GP L.L.C. acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 29,978 shares of the transportation company's stock, valued at approximately $841,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC raised its position in Trinity Industries by 2.0% during the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock valued at $102,739,000 after purchasing an additional 73,160 shares in the last quarter. American Century Companies Inc. raised its position in Trinity Industries by 15.9% during the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock valued at $71,116,000 after purchasing an additional 347,051 shares in the last quarter. Invesco Ltd. raised its position in Trinity Industries by 48.5% during the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock valued at $35,954,000 after purchasing an additional 418,371 shares in the last quarter. Northern Trust Corp raised its position in Trinity Industries by 2.6% during the 1st quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company's stock valued at $33,745,000 after purchasing an additional 30,572 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Trinity Industries by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 944,030 shares of the transportation company's stock valued at $33,136,000 after purchasing an additional 50,767 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna reduced their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Wall Street Zen raised Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries has a consensus rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Stock Down 1.4%

NYSE:TRN traded down $0.40 during mid-day trading on Friday, hitting $28.16. 638,346 shares of the company's stock traded hands, compared to its average volume of 455,568. The company has a fifty day moving average of $27.43 and a 200 day moving average of $27.03. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The company has a market capitalization of $2.28 billion, a P/E ratio of 24.70 and a beta of 1.53. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The business had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. During the same period in the prior year, the company earned $0.66 earnings per share. The company's quarterly revenue was down 39.8% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Trinity Industries's dividend payout ratio is currently 105.26%.

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.