Trinity Industries, Inc. (NYSE:TRN) Holdings Raised by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 3,212.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,023 shares of the transportation company's stock after acquiring an additional 11,660 shares during the period. Fifth Third Bancorp's holdings in Trinity Industries were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new position in Trinity Industries in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its holdings in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after buying an additional 713 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Trinity Industries during the fourth quarter valued at approximately $54,000. Jones Financial Companies Lllp raised its holdings in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock valued at $105,000 after buying an additional 398 shares during the last quarter. Finally, Xponance Inc. bought a new stake in shares of Trinity Industries during the fourth quarter valued at approximately $208,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRN. Susquehanna cut their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th.

Trinity Industries Stock Performance

Shares of TRN traded down $0.44 during mid-day trading on Friday, reaching $25.80. 1,168,479 shares of the company's stock traded hands, compared to its average volume of 564,416. The business's 50-day moving average price is $25.64 and its 200-day moving average price is $30.66. The stock has a market capitalization of $2.11 billion, a P/E ratio of 15.92 and a beta of 1.46. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.87 and a current ratio of 1.70. Trinity Industries, Inc. has a 12 month low of $23.01 and a 12 month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. The firm had revenue of $585.40 million for the quarter, compared to the consensus estimate of $614.02 million. During the same period in the previous year, the firm earned $0.33 EPS. Trinity Industries's revenue for the quarter was down 27.7% on a year-over-year basis. Equities 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 declared 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. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.65%. 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.