Advisors Asset Management Inc. Increases Position in Trinity Industries, Inc. $TRN

Key Points

• Advisors Asset Management Inc. increased its stake in Trinity Industries by 12.8%, owning approximately 159,691 shares worth $4.48 million as of the latest SEC filing.
• The company reported a loss of $0.19 EPS for the last quarter, falling short of the consensus estimate of $0.31, with revenue down 39.8% year-over-year.
• Trinity Industries declared a quarterly dividend of $0.30 per share, with a dividend yield of 4.2%, despite a payout ratio exceeding 105%.

Advisors Asset Management Inc. raised its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 12.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,691 shares of the transportation company's stock after buying an additional 18,118 shares during the period. Advisors Asset Management Inc. owned about 0.20% of Trinity Industries worth $4,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings in Trinity Industries by 2.0% in the first quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock valued at $102,739,000 after buying an additional 73,160 shares in the last quarter. American Century Companies Inc. increased its holdings in Trinity Industries by 15.9% in the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company's stock valued at $71,116,000 after buying an additional 347,051 shares in the last quarter. Encompass Capital Advisors LLC increased its holdings in 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 valued at $69,929,000 after buying an additional 285,237 shares in the last quarter. Invesco Ltd. grew its position in shares of Trinity Industries by 48.5% in the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock valued at $35,954,000 after purchasing an additional 418,371 shares during the period. Finally, Northern Trust Corp grew its position in shares of Trinity Industries by 2.6% in the first quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company's stock valued at $33,745,000 after purchasing an additional 30,572 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Ratings Changes

TRN has been the topic of several research analyst reports. Susquehanna dropped their target price on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.50.

Trinity Industries Price Performance

TRN traded up $0.02 on Wednesday, reaching $28.19. 69,548 shares of the company's stock were exchanged, compared to its average volume of 614,213. The stock has a market cap of $2.28 billion, a PE ratio of 24.73 and a beta of 1.53. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The stock's fifty day moving average price is $27.47 and its 200-day moving average price is $27.08. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business's revenue was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Sell-side 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 Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th. Trinity Industries's dividend payout ratio is currently 105.26%.

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.