Nuveen Asset Management LLC Raises Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Nuveen Asset Management LLC grew its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 819,337 shares of the transportation company's stock after purchasing an additional 105,374 shares during the period. Nuveen Asset Management LLC owned about 1.00% of Trinity Industries worth $28,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRN. Arizona State Retirement System grew its position in shares of Trinity Industries by 1.5% during the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after buying an additional 364 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after buying an additional 398 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Trinity Industries by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after buying an additional 543 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after buying an additional 713 shares in the last quarter. Finally, Everstar Asset Management LLC grew its position in shares of Trinity Industries by 6.2% during the fourth quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock worth $491,000 after buying an additional 813 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Industries Stock Up 2.4%

TRN traded up $0.61 on Tuesday, reaching $25.97. The company's stock had a trading volume of 339,247 shares, compared to its average volume of 572,023. The stock has a 50 day moving average of $26.07 and a two-hundred day moving average of $32.11. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.84 and a beta of 1.47. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced 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 4.49% and a return on equity of 11.78%. The business had revenue of $585.40 million during the quarter, compared to analyst estimates of $614.02 million. During the same period last year, the company earned $0.33 earnings per share. The business's revenue for the quarter was down 27.7% compared to the same quarter last year. As a group, analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio is currently 74.07%.

Insider Buying and Selling at Trinity Industries

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TRN. 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 lowered their price objective 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 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.