Trinity Industries, Inc. $TRN Shares Acquired by Advisors Asset Management Inc.

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 stake in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 12.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 159,691 shares of the transportation company's stock after purchasing an additional 18,118 shares during the period. Advisors Asset Management Inc. owned 0.20% of Trinity Industries worth $4,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TRN. Nuveen LLC bought a new stake in shares of Trinity Industries in the 1st quarter worth about $22,940,000. Invesco Ltd. grew its position in shares of Trinity Industries by 48.5% during the 1st quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company's stock valued at $35,954,000 after buying an additional 418,371 shares during the last quarter. American Century Companies Inc. grew its position in shares of Trinity Industries by 15.9% during the 1st 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 during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Trinity Industries by 508.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 380,753 shares of the transportation company's stock valued at $10,684,000 after buying an additional 318,151 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Trinity Industries by 33.6% during the 4th quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock valued at $41,138,000 after buying an additional 295,054 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TRN. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Susquehanna lowered their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.50.

Trinity Industries Stock Performance

Trinity Industries stock traded down $0.17 during midday trading on Tuesday, reaching $28.17. 393,381 shares of the stock traded hands, compared to its average volume of 617,473. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66. The firm has a fifty day moving average price of $27.46 and a two-hundred day moving average price of $27.07. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 24.71 and a beta of 1.52. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The firm had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The company's revenue for the quarter was down 39.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Trinity Industries's dividend payout ratio is currently 105.26%.

About Trinity Industries

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.