MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 174,881 Shares of Trinity Industries, Inc. $TRN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 18.5% during the 1st quarter, according to its most recent Form 13F filing 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 approximately 0.94% of Trinity Industries worth $21,583,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TRN. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Trinity Industries during the fourth quarter worth $225,000. Centiva Capital LP grew its stake in Trinity Industries by 12.7% during the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock worth $355,000 after buying an additional 1,142 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Trinity Industries by 197.2% during the fourth quarter. Deutsche Bank AG now owns 147,450 shares of the transportation company's stock worth $5,175,000 after purchasing an additional 97,843 shares in the last quarter. Ethic Inc. acquired a new position in Trinity Industries during the 4th quarter valued at about $300,000. Finally, Focus Partners Wealth lifted its stake in Trinity Industries by 45.0% in the fourth quarter. Focus Partners Wealth now owns 8,365 shares of the transportation company's stock valued at $296,000 after buying an additional 2,595 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Trinity Industries Stock Performance

Shares of NYSE TRN traded down $0.26 during midday trading on Friday, hitting $28.30. The company's stock had a trading volume of 145,743 shares, compared to its average volume of 612,091. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83. The stock has a fifty day moving average price of $27.45 and a 200 day moving average price of $27.08. 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 $2.29 billion, a price-to-earnings ratio of 24.83 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 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The company had revenue of $506.20 million for the quarter, compared to analysts' expectations of $589.96 million. During the same quarter last year, the business posted $0.66 EPS. The business's quarterly 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. On average, research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

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

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.