Trinity Industries, Inc. $TRN Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in Trinity Industries by 160.5% during the second quarter, now owning 71,044 shares valued at approximately $1.92 million.
• Trinity Industries reported a 39.8% decline in quarterly revenue year-over-year, with earnings per share of $0.19, missing estimates by $0.12.
• The company declared a quarterly dividend of $0.30, resulting in an annualized yield of 4.3%, with a payout ratio of 105.26%.

AlphaQuest LLC grew its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 160.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,044 shares of the transportation company's stock after acquiring an additional 43,772 shares during the quarter. AlphaQuest LLC owned about 0.09% of Trinity Industries worth $1,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Inc. AR boosted its stake in Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company's stock worth $205,000 after buying an additional 444 shares during the last quarter. Royal Bank of Canada boosted its stake in Trinity Industries by 0.6% during the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company's stock worth $2,069,000 after buying an additional 457 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Trinity Industries by 1.1% during the first quarter. Illinois Municipal Retirement Fund now owns 44,168 shares of the transportation company's stock worth $1,239,000 after buying an additional 462 shares during the last quarter. GAMMA Investing LLC raised its position in Trinity Industries by 75.4% in the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company's stock valued at $30,000 after purchasing an additional 479 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Trinity Industries by 7.9% in the 1st quarter. Inspire Investing LLC now owns 12,234 shares of the transportation company's stock valued at $343,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Price Performance

TRN stock opened at $28.20 on Friday. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week high of $39.83. The stock's fifty day simple moving average is $28.09 and its 200-day simple moving average is $26.84. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 24.73 and a beta of 1.52.

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

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Trinity Industries's dividend payout ratio (DPR) is 105.26%.

Wall Street Analysts Forecast Growth

TRN has been the subject of several analyst reports. Susquehanna lowered their target price on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Trinity Industries in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Trinity Industries from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Trinity Industries currently has an average rating of "Hold" and an average target price of $27.50.

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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