Petrus Trust Company LTA Invests $452,000 in Trinity Industries, Inc. $TRN

Petrus Trust Company LTA purchased a new stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,110 shares of the transportation company's stock, valued at approximately $452,000.

A number of other large investors also recently modified their holdings of the company. Stephens Inc. AR lifted its stake in shares of Trinity Industries by 6.5% in the 1st quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after acquiring an additional 444 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Trinity Industries by 0.6% in the 1st 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 during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Trinity Industries by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock valued at $1,239,000 after acquiring an additional 462 shares during the last quarter. Centiva Capital LP lifted its stake in shares of Trinity Industries by 12.7% in the 4th quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Trinity Industries by 8.2% in the 1st quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company's stock valued at $443,000 after acquiring an additional 1,191 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRN has been the subject of a number of research reports. Wall Street Zen upgraded Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Susquehanna decreased their price objective on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Trading Down 1.4%

Trinity Industries stock traded down $0.40 during trading hours on Friday, reaching $28.16. 638,346 shares of the company's stock were exchanged, compared to its average volume of 455,568. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The firm's 50 day simple moving average is $27.43 and its 200 day simple moving average is $27.03. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The firm has a market capitalization of $2.28 billion, a PE ratio of 24.70 and a beta of 1.53.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share 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 business 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 business posted $0.66 earnings per share. The business's 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. Research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Trinity Industries's dividend payout ratio is 105.26%.

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.