Trinity Industries, Inc. (NYSE:TRN) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5,200.7% during the first quarter, according to the company in its most recent 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 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRN. Wealthfront Advisers LLC purchased a new position in shares of Trinity Industries in the 4th quarter valued at $104,136,000. American Century Companies Inc. grew its holdings in Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after purchasing an additional 446,142 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Trinity Industries during the 4th quarter valued at $14,532,000. Raymond James Financial Inc. acquired a new stake in Trinity Industries during the 4th quarter valued at $11,322,000. Finally, Northern Trust Corp grew its holdings in Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock valued at $41,138,000 after purchasing an additional 295,054 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Up 0.8%

TRN stock traded up $0.21 during mid-day trading on Monday, hitting $26.25. 1,030,361 shares of the company were exchanged, compared to its average volume of 567,303. The company has a market capitalization of $2.14 billion, a PE ratio of 16.00 and a beta of 1.46. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a twelve month low of $23.01 and a twelve month high of $39.83. The firm has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $30.93.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Trinity Industries's revenue was down 27.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. On average, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Analyst Upgrades and Downgrades

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

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.