Trinity Industries, Inc. (NYSE:TRN) Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its stake in Trinity Industries by 9.1%, now owning 118,533 shares worth approximately $3.3 million as of its latest SEC filing.
• Trinity Industries reported earnings of $0.29 per share, missing analysts' expectations, with a revenue of $585.40 million for the quarter, down 27.7% year-over-year.
• The company announced a $0.30 quarterly dividend with a yield of 4.56%, to be paid on July 31st, with a dividend payout ratio of 74.07%.

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

Several other large investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its stake in Trinity Industries by 1.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock worth $1,239,000 after purchasing an additional 462 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Trinity Industries by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after acquiring an additional 543 shares during the last quarter. Everstar Asset Management LLC boosted its position in Trinity Industries by 6.2% during the fourth quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock worth $491,000 after acquiring an additional 813 shares during the last quarter. Centiva Capital LP raised its holdings in Trinity Industries by 12.7% in the 4th quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Trinity Industries by 8.9% in the 4th quarter. Bank of Montreal Can now owns 15,063 shares of the transportation company's stock worth $529,000 after purchasing an additional 1,227 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRN has been the subject of a number of analyst reports. Susquehanna dropped their price target on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday. 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 report on Thursday, April 17th.

Trinity Industries Trading Down 1.2%

Trinity Industries stock traded down $0.30 during mid-day trading on Wednesday, hitting $24.99. The company's stock had a trading volume of 981,641 shares, compared to its average volume of 606,092. The stock's fifty day moving average is $26.60 and its two-hundred day moving average is $28.98. The company has a current ratio of 1.70, a quick ratio of 0.87 and a debt-to-equity ratio of 4.32. The firm has a market capitalization of $2.04 billion, a PE ratio of 15.43 and a beta of 1.45. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $585.40 million for 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 business's revenue for the quarter was down 27.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. On average, analysts anticipate 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 issued 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 4.80%. Trinity Industries's dividend payout ratio is presently 74.07%.

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.