Trinity Industries, Inc. (NYSE:TRN) Position Raised by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1,303.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,818 shares of the transportation company's stock after buying an additional 16,548 shares during the quarter. GAMMA Investing LLC's holdings in Trinity Industries were worth $500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Trinity Industries during the 4th quarter worth $241,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Trinity Industries during the 4th quarter worth $434,000. Trexquant Investment LP increased its holdings in shares of Trinity Industries by 9.5% during the 4th quarter. Trexquant Investment LP now owns 153,094 shares of the transportation company's stock worth $5,374,000 after buying an additional 13,269 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Trinity Industries in the 4th quarter valued at $11,322,000. Finally, Truist Financial Corp increased its holdings in Trinity Industries by 57.5% in the 4th quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock valued at $571,000 after purchasing an additional 5,935 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

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

Trinity Industries Stock Up 1.5%

Shares of Trinity Industries stock traded up $0.38 during trading hours on Monday, hitting $26.15. 534,937 shares of the company's stock traded hands, compared to its average volume of 564,298. 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, Inc. has a twelve month low of $23.01 and a twelve month high of $39.83. The stock has a 50 day simple moving average of $25.65 and a 200-day simple moving average of $30.53. The company has a market cap of $2.13 billion, a PE ratio of 16.14 and a beta of 1.46.

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

Trinity Industries Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 4.59%. Trinity Industries's dividend payout ratio is currently 74.07%.

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.