Trinity Industries, Inc. (NYSE:TRN) Shares Purchased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 23.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,898 shares of the transportation company's stock after purchasing an additional 9,840 shares during the quarter. Twelve Points Wealth Management LLC owned 0.06% of Trinity Industries worth $1,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Trinity Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock valued at $354,496,000 after purchasing an additional 126,139 shares during the period. Capital International Investors raised its position in Trinity Industries by 1.1% in the fourth quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock valued at $191,388,000 after purchasing an additional 61,901 shares during the period. Wealthfront Advisers LLC purchased a new stake in Trinity Industries in the fourth quarter valued at approximately $104,136,000. American Century Companies Inc. increased its position in shares of Trinity Industries by 25.6% during the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after acquiring an additional 446,142 shares during the period. Finally, Encompass Capital Advisors LLC increased its position in shares of Trinity Industries by 16.7% during the fourth quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after acquiring an additional 285,237 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Down 1.8%

Shares of Trinity Industries stock traded down $0.52 during trading hours on Wednesday, reaching $28.02. 676,992 shares of the company were exchanged, compared to its average volume of 567,912. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83. The stock's fifty day moving average is $26.26 and its 200 day moving average is $29.88. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.87 and a current ratio of 1.70. The firm has a market cap of $2.29 billion, a PE ratio of 17.30 and a beta of 1.45.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The firm had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. Trinity Industries had a return on equity of 11.47% and a net margin of 4.79%. The business's revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.28%. Trinity Industries's payout ratio is currently 74.07%.

Wall Street Analyst Weigh In

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

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.