Segall Bryant & Hamill LLC Invests $1.93 Million in Trinity Industries, Inc. (NYSE:TRN)

Segall Bryant & Hamill LLC acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 68,792 shares of the transportation company's stock, valued at approximately $1,930,000. Segall Bryant & Hamill LLC owned 0.08% of Trinity Industries at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in Trinity Industries in the fourth quarter valued at about $54,000. Stephens Inc. AR grew its stake in Trinity Industries by 6.5% in the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock valued at $205,000 after purchasing an additional 444 shares in the last quarter. Xponance Inc. purchased a new position in Trinity Industries in the fourth quarter valued at about $208,000. Matrix Trust Co grew its stake in Trinity Industries by 60.2% in the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after purchasing an additional 2,965 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Trinity Industries in the fourth quarter valued at about $225,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Trinity Industries Stock Performance

Shares of NYSE:TRN traded up $0.22 on Wednesday, hitting $26.82. 484,786 shares of the company were exchanged, compared to its average volume of 564,481. The company's 50 day moving average price is $26.66 and its two-hundred day moving average price is $29.28. Trinity Industries, Inc. has a one year low of $23.01 and a one year high of $39.83. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.87 and a current ratio of 1.70. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.55 and a beta of 1.45.

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 the consensus estimate of $0.33 by ($0.04). The firm had revenue of $585.40 million for the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. Trinity Industries's quarterly revenue was down 27.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. Research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.48%. Trinity Industries's dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Susquehanna cut their target price on shares of 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.