Harbor Capital Advisors Inc. Grows Holdings in Trinity Industries, Inc. (NYSE:TRN)

Harbor Capital Advisors Inc. raised its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5,200.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,323 shares of the transportation company's stock after acquiring an additional 22,883 shares during the period. Harbor Capital Advisors Inc.'s holdings in Trinity Industries were worth $654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRN. Principal Financial Group Inc. lifted its stake in shares of Trinity Industries by 2.6% in the 4th quarter. Principal Financial Group Inc. now owns 400,727 shares of the transportation company's stock valued at $14,066,000 after purchasing an additional 10,293 shares in the last quarter. Truist Financial Corp raised its holdings in Trinity Industries by 57.5% in the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock valued at $571,000 after buying an additional 5,935 shares during the period. New York State Common Retirement Fund raised its holdings in Trinity Industries by 160.0% in the fourth quarter. New York State Common Retirement Fund now owns 65,735 shares of the transportation company's stock valued at $2,307,000 after buying an additional 40,450 shares during the period. Ieq Capital LLC acquired a new position in Trinity Industries during the fourth quarter valued at approximately $215,000. Finally, Y Intercept Hong Kong Ltd grew its stake in Trinity Industries by 45.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,635 shares of the transportation company's stock worth $584,000 after buying an additional 5,166 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Susquehanna cut their target price on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. 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.

Trinity Industries Stock Down 1.7%

Trinity Industries stock traded down $0.44 during midday trading on Tuesday, hitting $25.85. 611,012 shares of the company were exchanged, compared to its average volume of 566,413. The company has a market cap of $2.11 billion, a PE ratio of 15.96 and a beta of 1.46. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83. The company's fifty day moving average price is $25.62 and its 200-day moving average price is $30.89. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.70 and a quick ratio of 0.87.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The firm had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. During the same quarter in the prior year, the business earned $0.33 EPS. The company's revenue for the quarter was down 27.7% on a year-over-year basis. On average, research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.64%. Trinity Industries's 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.