Trinity Industries, Inc. (NYSE:TRN) Stock Holdings Trimmed by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,105 shares of the transportation company's stock after selling 14,097 shares during the quarter. ProShare Advisors LLC owned approximately 0.28% of Trinity Industries worth $7,971,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in shares of Trinity Industries during the 4th quarter worth $104,136,000. American Century Companies Inc. grew its position in shares of Trinity Industries by 25.6% in the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after purchasing an additional 446,142 shares during the period. Granite Investment Partners LLC acquired a new position in Trinity Industries in the fourth quarter valued at $14,532,000. Raymond James Financial Inc. acquired a new position in Trinity Industries in the fourth quarter valued at $11,322,000. Finally, Northern Trust Corp lifted its position in Trinity Industries by 33.6% during the fourth quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after buying an additional 295,054 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares of the company's stock, valued at approximately $3,470,486.58. This trade represents a 7.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. The Goldman Sachs Group lowered their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Susquehanna decreased their target price on shares of 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 0.8%

Shares of NYSE TRN traded down $0.21 during trading on Friday, hitting $25.42. 81,946 shares of the company traded hands, compared to its average volume of 570,073. The firm has a market capitalization of $2.07 billion, a P/E ratio of 15.52 and a beta of 1.47. 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 50-day moving average price of $26.30 and a 200-day moving average price of $32.36. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results 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). Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $585.40 million during the quarter, compared to analyst estimates of $614.02 million. During the same quarter in the previous year, the business posted $0.33 EPS. Trinity Industries's revenue was down 27.7% compared to the same quarter last year. On average, equities analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Tuesday, July 15th. Trinity Industries's payout ratio is currently 74.07%.

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.