Segall Bryant & Hamill LLC Buys New Shares in Trinity Industries, Inc. (NYSE:TRN)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRN. American Century Companies Inc. increased its stake in Trinity Industries by 25.6% during the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after acquiring an additional 446,142 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in Trinity Industries during the fourth quarter worth $14,532,000. Northern Trust Corp increased its stake 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 acquiring an additional 295,054 shares during the last quarter. Encompass Capital Advisors LLC increased its stake in Trinity Industries by 16.7% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after acquiring an additional 285,237 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in Trinity Industries by 217.0% during the first quarter. Edgestream Partners L.P. now owns 363,439 shares of the transportation company's stock worth $10,198,000 after acquiring an additional 248,784 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TRN. Susquehanna cut their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note 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 for the company in a research note on Thursday, April 17th.

Trinity Industries Trading Down 1.9%

Shares of NYSE TRN traded down $0.52 during trading on Friday, reaching $26.30. The stock had a trading volume of 590,219 shares, compared to its average volume of 565,561. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week 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 business's 50-day moving average price is $26.67 and its 200-day moving average price is $29.39. The company has a market cap of $2.15 billion, a P/E ratio of 16.23 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 analysts' consensus estimates of $0.33 by ($0.04). The firm had revenue of $585.40 million during the quarter, compared to analyst estimates of $614.02 million. Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The company's quarterly revenue was down 27.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently announced 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 is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.56%. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Trinity Industries Company 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.