Ameriprise Financial Inc. trimmed its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,999 shares of the transportation company's stock after selling 59,581 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of Trinity Industries worth $7,546,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new position in Trinity Industries during the 4th quarter worth $35,000. Millstone Evans Group LLC acquired a new position in Trinity Industries during the 4th quarter worth $54,000. Smartleaf Asset Management LLC grew its stake in Trinity Industries by 87.1% during the 4th 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 grew its stake in Trinity Industries by 15.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after purchasing an additional 398 shares in the last quarter. 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 purchasing an additional 1,649 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently commented on TRN. Susquehanna lowered their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th.
Read Our Latest Stock Report on Trinity Industries
Trinity Industries Stock Up 2.4%
NYSE TRN traded up $0.61 during trading on Tuesday, reaching $25.97. 339,247 shares of the company's stock were exchanged, compared to its average volume of 572,023. The stock has a market cap of $2.12 billion, a P/E ratio of 15.84 and a beta of 1.47. 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 has a 50 day moving average price of $26.07 and a two-hundred day moving average price of $32.11. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83.
Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The firm's quarterly revenue was down 27.7% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.
Trinity Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.62%. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.
Insider Activity at Trinity Industries
In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company's 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 completion of the sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. This represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company's stock.
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.
Featured Articles
Before you consider Trinity Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trinity Industries wasn't on the list.
While Trinity Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
