BNP Paribas Financial Markets Has $683,000 Holdings in Trinity Industries, Inc. (NYSE:TRN)

BNP Paribas Financial Markets decreased its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 73.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AXA S.A. increased its position in Trinity Industries by 119.8% in the 4th quarter. AXA S.A. now owns 126,152 shares of the transportation company's stock valued at $4,428,000 after acquiring an additional 68,752 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries in the fourth quarter valued at approximately $225,000. Northern Trust Corp raised its position in Trinity Industries by 33.6% in the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after purchasing an additional 295,054 shares during the last quarter. Tudor Investment Corp ET AL raised its position in Trinity Industries by 134.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 125,453 shares of the transportation company's stock worth $4,403,000 after purchasing an additional 72,013 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Trinity Industries during the 4th quarter worth $434,000. Institutional investors own 86.57% of the company's stock.

Trinity Industries Trading Up 2.4%

TRN stock traded up $0.62 during midday trading on Tuesday, reaching $25.98. The company's stock had a trading volume of 133,550 shares, compared to its average volume of 571,234. The business's 50-day simple moving average is $26.14 and its 200-day simple moving average is $32.15. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The stock has a market cap of $2.12 billion, a PE ratio of 15.83 and a beta of 1.47.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly 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). The company had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The firm's revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's payout ratio is 74.07%.

Insider Activity at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the 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 in the company, valued at $3,470,486.58. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRN. The Goldman Sachs Group dropped their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Susquehanna dropped 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, April 22nd.

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.