Great Lakes Advisors LLC Decreases Stake in Trinity Industries, Inc. $TRN

Key Points

• Great Lakes Advisors LLC has reduced its stake in Trinity Industries by 4.3%, owning approximately 0.30% of the company valued at $6.8 million following the sale of 10,940 shares.
• Trinity Industries reported a quarterly EPS of $0.19, missing the consensus estimate of $0.31, along with a significant revenue decline of 39.8% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.30, resulting in an annualized yield of 4.3%, although its dividend payout ratio is currently over 100%.

Great Lakes Advisors LLC lowered its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 244,007 shares of the transportation company's stock after selling 10,940 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.30% of Trinity Industries worth $6,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TRN. Headlands Technologies LLC lifted its position in shares of Trinity Industries by 3,418.2% in the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company's stock worth $43,000 after buying an additional 1,504 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Trinity Industries by 97.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,604 shares of the transportation company's stock worth $101,000 after purchasing an additional 1,778 shares in the last quarter. Stephens Inc. AR increased its position in shares of 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 acquiring an additional 444 shares during the period. Matrix Trust Co boosted its stake in Trinity Industries by 60.2% in the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company's stock valued at $221,000 after acquiring an additional 2,965 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries during the fourth quarter worth about $225,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Trinity Industries from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Susquehanna dropped 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 note on Tuesday, July 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.50.

Trinity Industries Price Performance

NYSE TRN traded down $0.40 during trading on Friday, hitting $28.16. 638,346 shares of the company's stock were exchanged, compared to its average volume of 455,568. The stock's 50 day moving average price is $27.43 and its two-hundred day moving average price is $27.06. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. 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 company has a market cap of $2.28 billion, a PE ratio of 24.70 and a beta of 1.53.

Trinity Industries (NYSE:TRN - Get Free Report) last released its 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 net margin of 3.83% and a return on equity of 8.49%. The firm had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. During the same period in the prior year, the company posted $0.66 EPS. The business's revenue for the quarter 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. Research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

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

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.