Trinity Industries, Inc. $TRN Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 769,149 shares of the transportation company's stock after selling 174,881 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.94% of Trinity Industries worth $21,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in shares of Trinity Industries by 33.8% during the first quarter. AQR Capital Management LLC now owns 44,772 shares of the transportation company's stock valued at $1,244,000 after acquiring an additional 11,319 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Trinity Industries by 12.8% during the first quarter. Advisors Asset Management Inc. now owns 159,691 shares of the transportation company's stock valued at $4,481,000 after acquiring an additional 18,118 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Trinity Industries during the first quarter valued at approximately $841,000. Cubist Systematic Strategies LLC raised its stake in shares of Trinity Industries by 508.2% during the first quarter. Cubist Systematic Strategies LLC now owns 380,753 shares of the transportation company's stock valued at $10,684,000 after acquiring an additional 318,151 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company's stock valued at $2,069,000 after acquiring an additional 457 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

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

Trinity Industries Stock Performance

Shares of NYSE:TRN traded down $0.40 on Friday, hitting $28.16. 638,346 shares of the company were exchanged, compared to its average volume of 455,568. Trinity Industries, Inc. has a 1-year low of $22.38 and a 1-year high of $39.83. The stock's 50 day moving average price is $27.43 and its 200 day moving average price is $27.03. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The firm has a market capitalization of $2.28 billion, a P/E ratio of 24.70 and a beta of 1.53.

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

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th. Trinity Industries's 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.