UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 51,859 Shares of Trinity Industries, Inc. (NYSE:TRN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,031 shares of the transportation company's stock after buying an additional 51,859 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of Trinity Industries worth $10,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in shares of Trinity Industries by 1.5% during the fourth quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after buying an additional 364 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after buying an additional 398 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Trinity Industries by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after buying an additional 543 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Trinity Industries by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock worth $54,000 after buying an additional 713 shares in the last quarter. Finally, Everstar Asset Management LLC increased its holdings in shares of Trinity Industries by 6.2% during the fourth quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock worth $491,000 after buying an additional 813 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TRN. The Goldman Sachs Group decreased their price target on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Susquehanna decreased their price target on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

Trinity Industries Price Performance

TRN stock remained flat at $25.74 during midday trading on Friday. 524,621 shares of the company's stock were exchanged, compared to its average volume of 569,193. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83. The stock has a market capitalization of $2.10 billion, a PE ratio of 15.70 and a beta of 1.47. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The stock's 50 day moving average price is $25.84 and its 200-day moving average price is $31.81.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. During the same period in the previous year, the business posted $0.33 earnings per share. Trinity Industries's revenue was down 27.7% compared to the same quarter last year. As a group, equities analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.66%. Trinity Industries's payout ratio is presently 74.07%.

Insider Buying and Selling at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the transaction, the executive vice president now owns 111,879 shares of the company's stock, valued at $3,470,486.58. The trade was a 7.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

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.