Trinity Industries, Inc. (NYSE:TRN) Position Boosted by Jennison Associates LLC

Jennison Associates LLC lifted its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,661,394 shares of the transportation company's stock after acquiring an additional 73,160 shares during the period. Jennison Associates LLC owned 4.49% of Trinity Industries worth $102,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its position in 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 purchasing an additional 444 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Trinity Industries by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock valued at $1,239,000 after buying an additional 462 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Trinity Industries by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock valued at $300,000 after buying an additional 543 shares during the period. Everstar Asset Management LLC raised its holdings in shares of Trinity Industries by 6.2% in the 4th quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock valued at $491,000 after buying an additional 813 shares during the period. Finally, Centiva Capital LP grew its stake in Trinity Industries by 12.7% during the 4th quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock worth $355,000 after purchasing an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Susquehanna decreased their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

Trinity Industries Trading Down 1.9%

Shares of NYSE:TRN traded down $0.52 during midday trading on Friday, reaching $26.30. The company's stock had a trading volume of 590,219 shares, compared to its average volume of 565,561. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.23 and a beta of 1.45. 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 1 year low of $23.01 and a 1 year high of $39.83. The business has a 50 day moving average price of $26.67 and a 200 day moving average price of $29.43.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results 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 period last year, the firm posted $0.33 EPS. Trinity Industries's revenue was down 27.7% on a year-over-year basis. Research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is 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.