Adage Capital Partners GP L.L.C. Makes New Investment in Trinity Industries, Inc. $TRN

Adage Capital Partners GP L.L.C. purchased a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,978 shares of the transportation company's stock, valued at approximately $841,000.

Several other hedge funds also recently modified their holdings of TRN. Principal Financial Group Inc. lifted its holdings in shares of Trinity Industries by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company's stock worth $11,508,000 after acquiring an additional 9,395 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Trinity Industries by 1,142.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock worth $2,391,000 after acquiring an additional 78,341 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Trinity Industries by 3,212.1% during the 1st quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock worth $337,000 after acquiring an additional 11,660 shares during the period. Twelve Points Wealth Management LLC raised its holdings in Trinity Industries by 23.4% in the first quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock valued at $1,456,000 after buying an additional 9,840 shares during the period. Finally, Jump Financial LLC purchased a new position in Trinity Industries in the first quarter valued at approximately $349,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Down 0.8%

Shares of TRN stock traded down $0.24 during mid-day trading on Friday, reaching $28.33. 134,428 shares of the company were exchanged, compared to its average volume of 612,060. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The company has a market capitalization of $2.29 billion, a P/E ratio of 24.84 and a beta of 1.53. The business's 50 day simple moving average is $27.45 and its 200 day simple moving average is $27.08.

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

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. Trinity Industries's dividend payout ratio (DPR) is presently 105.26%.

Analyst Ratings Changes

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

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.