Deutsche Bank AG Acquires 97,843 Shares of Trinity Industries, Inc. (NYSE:TRN)

Deutsche Bank AG boosted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 197.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,450 shares of the transportation company's stock after acquiring an additional 97,843 shares during the period. Deutsche Bank AG owned 0.18% of Trinity Industries worth $5,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Trinity Industries by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock worth $354,496,000 after purchasing an additional 126,139 shares during the period. Capital International Investors increased its position in Trinity Industries by 1.1% during the fourth quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock worth $191,388,000 after buying an additional 61,901 shares during the last quarter. Jennison Associates LLC raised its stake in Trinity Industries by 0.5% in the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock valued at $125,947,000 after acquiring an additional 18,851 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Trinity Industries during the 4th quarter worth about $104,136,000. Finally, American Century Companies Inc. lifted its holdings in Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after purchasing an additional 446,142 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares of the company's stock, valued at approximately $3,470,486.58. This trade represents a 7.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $26.89 on Monday. The firm has a market cap of $2.19 billion, a PE ratio of 16.39 and a beta of 1.47. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The firm's fifty day moving average is $26.54 and its 200-day moving average is $32.54. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80.

Trinity Industries (NYSE:TRN - Get Free Report) last issued 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). 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 analyst estimates of $614.02 million. During the same quarter last year, the firm posted $0.33 EPS. The firm's revenue for the quarter was down 27.7% on a year-over-year basis. Sell-side 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 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 annualized dividend and a dividend yield of 4.46%. Trinity Industries's dividend payout ratio is currently 74.07%.

About Trinity Industries

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.

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