Trinity Industries, Inc. (NYSE:TRN) Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 (SEC). The fund owned 302,031 shares of the transportation company's stock after purchasing 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 SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TRN. Susquehanna Fundamental Investments LLC bought a new stake in shares of Trinity Industries during the 4th quarter valued at about $434,000. Trexquant Investment LP boosted its stake in Trinity Industries by 9.5% in the fourth quarter. Trexquant Investment LP now owns 153,094 shares of the transportation company's stock valued at $5,374,000 after acquiring an additional 13,269 shares during the period. Raymond James Financial Inc. bought a new position in shares of Trinity Industries during the fourth quarter valued at approximately $11,322,000. Truist Financial Corp grew its holdings in shares of Trinity Industries by 57.5% during the fourth quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock valued at $571,000 after purchasing an additional 5,935 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Trinity Industries by 387.2% during the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company's stock worth $6,254,000 after purchasing an additional 142,660 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

TRN stock traded down $0.28 on Wednesday, reaching $25.57. The company's stock had a trading volume of 291,677 shares, compared to its average volume of 563,711. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market capitalization of $2.09 billion, a P/E ratio of 15.59 and a beta of 1.47. The firm has a fifty day moving average of $25.64 and a two-hundred day moving average of $31.64.

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

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRN. The Goldman Sachs Group reduced their price objective on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Susquehanna cut their target price on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd.

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.