Envestnet Portfolio Solutions Inc. Buys New Stake in Trinity Industries, Inc. $TRN

Envestnet Portfolio Solutions Inc. bought a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 20,031 shares of the transportation company's stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRN. Nuveen LLC acquired a new position in Trinity Industries in the 1st quarter valued at $22,940,000. Millennium Management LLC grew its position in Trinity Industries by 329.2% in the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company's stock worth $17,902,000 after purchasing an additional 489,348 shares during the last quarter. Invesco Ltd. grew its position in Trinity Industries by 48.5% in the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock worth $35,954,000 after purchasing an additional 418,371 shares during the last quarter. American Century Companies Inc. grew its position in Trinity Industries by 15.9% in the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock worth $71,116,000 after purchasing an additional 347,051 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Trinity Industries by 508.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 380,753 shares of the transportation company's stock worth $10,684,000 after purchasing an additional 318,151 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRN. Susquehanna decreased their price target on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Trinity Industries in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.50.

Trinity Industries Price Performance

NYSE:TRN opened at $28.10 on Wednesday. The company has a 50-day moving average of $28.12 and a 200-day moving average of $26.81. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 24.65 and a beta of 1.52. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96.

Trinity Industries (NYSE:TRN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. During the same period in the previous year, the business posted $0.66 earnings per share. Trinity Industries's revenue was down 39.8% on a year-over-year basis. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, equities research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Trinity Industries's dividend payout ratio (DPR) is currently 105.26%.

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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