SG Americas Securities LLC Takes $404,000 Position in Trinity Industries, Inc. (NYSE:TRN)

SG Americas Securities LLC acquired a new stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,405 shares of the transportation company's stock, valued at approximately $404,000.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Trinity Industries by 5,200.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 23,323 shares of the transportation company's stock worth $654,000 after acquiring an additional 22,883 shares during the last quarter. Matrix Trust Co raised its holdings in shares of Trinity Industries by 60.2% in the 1st quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock worth $221,000 after acquiring an additional 2,965 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Trinity Industries by 0.9% in the 1st quarter. Rhumbline Advisers now owns 253,749 shares of the transportation company's stock worth $7,120,000 after acquiring an additional 2,334 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Trinity Industries by 1,303.0% in the 1st quarter. GAMMA Investing LLC now owns 17,818 shares of the transportation company's stock worth $500,000 after acquiring an additional 16,548 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Trinity Industries in the 4th quarter worth about $241,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Susquehanna lowered 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.

Trinity Industries Trading Up 1.8%

Shares of TRN stock opened at $26.62 on Wednesday. Trinity Industries, Inc. has a 52-week low of $23.01 and a 52-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 company has a 50-day simple moving average of $25.67 and a two-hundred day simple moving average of $30.50. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.43 and a beta of 1.46.

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

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.51%. Trinity Industries's payout ratio is currently 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.

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