Edgestream Partners L.P. Grows Stake 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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 363,439 shares of the transportation company's stock after acquiring an additional 248,784 shares during the period. Edgestream Partners L.P. owned about 0.45% of Trinity Industries worth $10,198,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Stephens Inc. AR grew its holdings in Trinity Industries by 6.5% during 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 during the period. Cerity Partners LLC grew its holdings in Trinity Industries by 8.2% during the first quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company's stock valued at $443,000 after purchasing an additional 1,191 shares during the period. Twelve Points Wealth Management LLC grew its holdings in Trinity Industries by 23.4% during the first quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock valued at $1,456,000 after purchasing an additional 9,840 shares during the period. Envestnet Asset Management Inc. grew its holdings in Trinity Industries by 9.1% during the first quarter. Envestnet Asset Management Inc. now owns 118,533 shares of the transportation company's stock valued at $3,326,000 after purchasing an additional 9,848 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Trinity Industries by 2.3% during the first quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company's stock valued at $11,508,000 after purchasing an additional 9,395 shares during the period. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

TRN has been the subject of several recent research reports. Susquehanna cut their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th.

Trinity Industries Price Performance

TRN stock traded up $0.18 during midday trading on Thursday, hitting $26.86. The company's stock had a trading volume of 781,863 shares, compared to its average volume of 564,380. Trinity Industries, Inc. has a 12 month low of $23.01 and a 12 month 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 firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.58 and a beta of 1.45. The company has a 50 day moving average of $26.65 and a two-hundred day moving average of $29.53.

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 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 return on equity of 11.47% and a net margin of 4.79%. Trinity Industries's revenue was down 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. On average, analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

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.