BNP Paribas Financial Markets Trims Holdings in Trinity Industries, Inc. (NYSE:TRN)

BNP Paribas Financial Markets cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 73.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,450 shares of the transportation company's stock after selling 53,729 shares during the period. BNP Paribas Financial Markets' holdings in Trinity Industries were worth $683,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Trinity Industries during the 4th quarter valued at $434,000. Trexquant Investment LP raised its stake in shares of Trinity Industries by 9.5% in the 4th quarter. Trexquant Investment LP now owns 153,094 shares of the transportation company's stock valued at $5,374,000 after purchasing an additional 13,269 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Trinity Industries during the 4th quarter valued at about $11,322,000. Truist Financial Corp grew its position in shares of Trinity Industries by 57.5% during the 4th quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock valued at $571,000 after buying an additional 5,935 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock valued at $6,254,000 after buying an additional 142,660 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRN has been the subject of a number of research analyst reports. Susquehanna cut their target price on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th.

Trinity Industries Trading Down 0.6%

NYSE TRN traded down $0.15 during mid-day trading on Wednesday, reaching $25.84. 23,009 shares of the stock were exchanged, compared to its average volume of 569,871. 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 stock has a market cap of $2.11 billion, a P/E ratio of 15.73 and a beta of 1.47. The stock has a 50 day simple moving average of $26.07 and a 200-day simple moving average of $32.11. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results 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 firm had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business's revenue for the quarter was down 27.7% compared to the same quarter last year. On average, analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.64%. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

Trinity Industries Company 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.