Envestnet Asset Management Inc. Raises Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Envestnet Asset Management Inc. increased its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,533 shares of the transportation company's stock after buying an additional 9,848 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of Trinity Industries worth $3,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TRN. Vanguard Group Inc. increased its stake 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 valued at $354,496,000 after buying an additional 126,139 shares during the period. Capital International Investors increased its position in Trinity Industries by 1.1% during the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock valued at $191,388,000 after purchasing an additional 61,901 shares during the period. Encompass Capital Advisors LLC increased its position in Trinity Industries by 16.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after purchasing an additional 285,237 shares during the period. Northern Trust Corp increased its position in Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock valued at $41,138,000 after purchasing an additional 295,054 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Trinity Industries by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 944,030 shares of the transportation company's stock valued at $33,136,000 after purchasing an additional 50,767 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Price Performance

Shares of TRN stock opened at $26.32 on Friday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 16.25 and a beta of 1.45. The business's fifty day moving average is $26.63 and its 200 day moving average is $29.11. Trinity Industries, Inc. has a twelve month low of $23.01 and a twelve month high of $39.83. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32.

Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $585.40 million during the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. The firm's quarterly revenue was down 27.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. Research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Analyst Ratings Changes

TRN has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price target 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. Susquehanna reduced their target price on 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 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.

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