Deutsche Bank AG Increases Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Deutsche Bank AG increased its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 197.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,450 shares of the transportation company's stock after acquiring an additional 97,843 shares during the period. Deutsche Bank AG owned approximately 0.18% of Trinity Industries worth $5,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRN. Wealthfront Advisers LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $104,136,000. American Century Companies Inc. increased its holdings in shares of Trinity Industries by 25.6% in the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after buying an additional 446,142 shares during the last quarter. Granite Investment Partners LLC bought a new position in shares of Trinity Industries in the 4th quarter worth $14,532,000. Raymond James Financial Inc. bought a new position in shares of Trinity Industries in the 4th quarter worth $11,322,000. Finally, Northern Trust Corp increased its holdings in shares of 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 buying an additional 295,054 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

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

Trinity Industries Trading Down 1.1%

Shares of Trinity Industries stock traded down $0.29 during trading on Friday, reaching $25.34. The company's stock had a trading volume of 361,044 shares, compared to its average volume of 572,957. Trinity Industries, Inc. has a 52-week low of $23.01 and a 52-week high of $39.83. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 15.45 and a beta of 1.47. The firm's 50-day moving average is $26.23 and its two-hundred day moving average is $32.26. 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 (NYSE:TRN - Get Free Report) last announced its quarterly earnings data 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). Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. During the same period last year, the company posted $0.33 EPS. Trinity Industries's revenue for the quarter was down 27.7% on a year-over-year basis. On average, sell-side analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.74%. Trinity Industries's dividend payout ratio (DPR) is 74.07%.

Insider Activity

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction 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 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 filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

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.