156,260 Shares in Trinity Industries, Inc. (NYSE:TRN) Bought by Man Group plc

Man Group plc acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 156,260 shares of the transportation company's stock, valued at approximately $5,485,000. Man Group plc owned about 0.19% of Trinity Industries at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRN. Barclays PLC boosted its holdings in shares of Trinity Industries by 387.2% during the third quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock valued at $6,254,000 after acquiring an additional 142,660 shares during the period. KBC Group NV boosted its holdings in Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company's stock worth $139,000 after buying an additional 1,649 shares in the last quarter. Twelve Points Wealth Management LLC grew its holdings in shares of Trinity Industries by 11.3% in the 4th quarter. Twelve Points Wealth Management LLC now owns 42,058 shares of the transportation company's stock worth $1,476,000 after acquiring an additional 4,286 shares during the last quarter. Jennison Associates LLC increased its stake in Trinity Industries by 0.5% in the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock worth $125,947,000 after purchasing an additional 18,851 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Trinity Industries by 2.6% during the fourth quarter. Principal Financial Group Inc. now owns 400,727 shares of the transportation company's stock valued at $14,066,000 after buying an additional 10,293 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Down 1.1%

NYSE:TRN traded down $0.29 during mid-day trading on Monday, reaching $25.34. The stock had a trading volume of 361,044 shares, compared to its average volume of 572,957. The business's 50 day moving average is $26.23 and its 200 day moving average is $32.23. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83. The stock has a market cap of $2.07 billion, a P/E ratio of 15.45 and a beta of 1.47. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. During the same period in the previous year, the business posted $0.33 earnings per share. Trinity Industries's revenue was down 27.7% compared to the same quarter last year. As a group, sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.74%. Trinity Industries's dividend payout ratio is presently 74.07%.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their price objective on 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.