Point72 Asset Management L.P. Invests $694,000 in Trinity Industries, Inc. (NYSE:TRN)

Point72 Asset Management L.P. acquired a new position in Trinity Industries, Inc. (NYSE:TRN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,767 shares of the transportation company's stock, valued at approximately $694,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Trinity Industries by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock worth $354,496,000 after buying an additional 126,139 shares during the last quarter. Capital International Investors lifted its holdings in shares of Trinity Industries by 1.1% in the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock worth $191,388,000 after acquiring an additional 61,901 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Trinity Industries by 0.5% in the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock valued at $125,947,000 after purchasing an additional 18,851 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Trinity Industries during the 4th quarter valued at $104,136,000. Finally, American Century Companies Inc. raised its position in Trinity Industries by 25.6% in the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after purchasing an additional 446,142 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRN shares. The Goldman Sachs Group cut their price target on shares of 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 reduced their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

Trinity Industries Trading Down 0.6%

Shares of NYSE:TRN traded down $0.15 during midday trading on Wednesday, hitting $25.84. 43,372 shares of the stock traded hands, compared to its average volume of 569,945. 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 stock has a market capitalization of $2.11 billion, a PE ratio of 15.78 and a beta of 1.47. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83. The business's 50 day moving average is $26.07 and its two-hundred day moving average is $32.11.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. Trinity Industries's quarterly revenue was down 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, research analysts forecast 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 Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.64%. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Insiders Place Their Bets

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at $3,470,486.58. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company's stock.

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.