Edgestream Partners L.P. Has $10.20 Million Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Edgestream Partners L.P. increased its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 217.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,439 shares of the transportation company's stock after buying an additional 248,784 shares during the period. Edgestream Partners L.P. owned about 0.45% of Trinity Industries worth $10,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRN. Vanguard Group Inc. increased its stake in Trinity Industries by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock worth $354,496,000 after acquiring an additional 126,139 shares during the last quarter. Capital International Investors lifted its position in Trinity Industries by 1.1% during the fourth quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock valued at $191,388,000 after buying an additional 61,901 shares in the last quarter. American Century Companies Inc. grew 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 buying an additional 446,142 shares during the period. Encompass Capital Advisors LLC increased its position in shares of Trinity Industries by 16.7% in 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 in the last quarter. Finally, Northern Trust Corp increased its position in shares of Trinity Industries by 33.6% in 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 in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Down 0.9%

Shares of Trinity Industries stock traded down $0.26 during midday trading on Monday, hitting $27.63. The company's stock had a trading volume of 432,853 shares, compared to its average volume of 586,820. The firm has a market capitalization of $2.25 billion, a P/E ratio of 17.06 and a beta of 1.45. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32. The stock has a 50-day simple moving average of $26.45 and a 200-day simple moving average of $29.68.

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

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.34%. Trinity Industries's payout ratio is 74.07%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRN. Susquehanna decreased their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, April 17th.

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.