Hsbc Holdings PLC Sells 36,013 Shares of Trinity Industries, Inc. $TRN

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

A number of other hedge funds have also recently added to or reduced their stakes in TRN. Headlands Technologies LLC boosted 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 last quarter. Russell Investments Group Ltd. grew its stake in shares of Trinity Industries by 97.4% in the first quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock valued at $101,000 after buying an additional 1,778 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after buying an additional 444 shares in the last quarter. Matrix Trust Co boosted its position in Trinity Industries by 60.2% during the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after purchasing an additional 2,965 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Trinity Industries in the fourth quarter valued at about $225,000. Institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

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

Trinity Industries Trading Down 0.0%

TRN stock traded down $0.01 during trading on Friday, hitting $28.59. The company had a trading volume of 408,059 shares, compared to its average volume of 619,950. The stock has a market cap of $2.31 billion, a PE ratio of 25.07 and a beta of 1.53. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83. The business has a 50-day moving average of $27.40 and a 200-day moving average of $27.21. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66.

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

Trinity Industries Dividend Announcement

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

Trinity Industries Company 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.