ProShare Advisors LLC Lowers Position in Trinity Industries, Inc. (NYSE:TRN)

ProShare Advisors LLC decreased its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Man Group plc acquired a new position in Trinity Industries during the 4th quarter worth about $5,485,000. Nuveen Asset Management LLC raised its position in shares of Trinity Industries by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 819,337 shares of the transportation company's stock worth $28,759,000 after acquiring an additional 105,374 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Trinity Industries by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 944,030 shares of the transportation company's stock worth $33,136,000 after acquiring an additional 50,767 shares during the period. Focus Partners Wealth boosted its holdings 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 acquiring an additional 2,595 shares during the last quarter. Finally, Encompass Capital Advisors LLC increased its position in Trinity Industries by 16.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after purchasing an additional 285,237 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at $3,470,486.58. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRN. Susquehanna dropped their target price on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group dropped their price objective on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.

Trinity Industries Trading Down 3.2%

Shares of NYSE:TRN traded down $0.85 during mid-day trading on Wednesday, hitting $25.73. The company had a trading volume of 338,273 shares, compared to its average volume of 571,992. The firm has a fifty day moving average price of $26.45 and a 200 day moving average price of $32.45. The company has a market capitalization of $2.10 billion, a PE ratio of 15.69 and a beta of 1.47. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. Trinity Industries, Inc. has a one year low of $23.01 and a one 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 (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $585.40 million for the quarter, compared to the consensus estimate of $614.02 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm's revenue was down 27.7% compared to the same quarter last year. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) 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.