Jump Financial LLC Invests $349,000 in Trinity Industries, Inc. $TRN

Jump Financial LLC bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,455 shares of the transportation company's stock, valued at approximately $349,000.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC boosted its position in Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock worth $43,000 after buying an additional 1,504 shares during the period. Russell Investments Group Ltd. raised its holdings in Trinity Industries by 97.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock worth $101,000 after purchasing an additional 1,778 shares during the last quarter. Stephens Inc. AR raised its holdings in Trinity Industries by 6.5% during the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after purchasing an additional 444 shares during the last quarter. Matrix Trust Co raised its holdings in Trinity Industries by 60.2% during the 1st 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 last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Trinity Industries during the 4th quarter worth approximately $225,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Trinity Industries Stock Down 0.0%

TRN traded down $0.01 during mid-day trading on Friday, reaching $28.59. 408,059 shares of the stock were exchanged, compared to its average volume of 619,950. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The stock has a market capitalization of $2.31 billion, a PE ratio of 25.07 and a beta of 1.53. The company has a 50 day moving average price of $27.40 and a two-hundred day moving average price of $27.21. 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 posted its quarterly earnings data 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). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The firm had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. During the same period in the prior year, the firm earned $0.66 earnings per share. Trinity Industries's revenue was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. As a group, research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TRN shares. Susquehanna lowered 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 upgraded 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.com, Trinity Industries presently has an average rating of "Hold" and a consensus price target 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.