Hsbc Holdings PLC Cuts Position in Trinity Industries, Inc. $TRN

Hsbc Holdings PLC trimmed its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 71.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,135 shares of the transportation company's stock after selling 36,013 shares during the period. Hsbc Holdings PLC's holdings in Trinity Industries were worth $395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TRN. Headlands Technologies LLC lifted its stake in shares of Trinity Industries by 3,418.2% in the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock valued at $43,000 after purchasing an additional 1,504 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Trinity Industries by 97.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after purchasing an additional 1,778 shares during the period. Stephens Inc. AR lifted its stake in shares of Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after purchasing an additional 444 shares during the period. Matrix Trust Co lifted its stake in shares of Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after purchasing an additional 2,965 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinity Industries in the 4th quarter valued at $225,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Price Performance

Shares of Trinity Industries stock traded down $0.01 during trading hours on Friday, reaching $28.59. 408,059 shares of the company's stock were exchanged, compared to its average volume of 564,909. The business has a fifty day moving average of $27.44 and a two-hundred day moving average of $27.09. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The company has a market capitalization of $2.31 billion, a P/E ratio of 25.07 and a beta of 1.52. Trinity Industries, Inc. has a 1 year low of $22.38 and a 1 year high of $39.83.

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

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. Trinity Industries's dividend payout ratio is presently 105.26%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Susquehanna cut their price target on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Trinity Industries presently has an average rating of "Hold" and a consensus target price of $27.50.

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.