Wealth Enhancement Advisory Services LLC Grows Stake in Trinity Industries, Inc. (NYSE:TRN)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 1,142.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 85,199 shares of the transportation company's stock after purchasing an additional 78,341 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.10% of Trinity Industries worth $2,391,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp grew its stake in shares of Trinity Industries by 57.5% during the 4th quarter. Truist Financial Corp now owns 16,260 shares of the transportation company's stock worth $571,000 after acquiring an additional 5,935 shares during the period. New York State Common Retirement Fund boosted its position in Trinity Industries by 160.0% during the fourth quarter. New York State Common Retirement Fund now owns 65,735 shares of the transportation company's stock worth $2,307,000 after purchasing an additional 40,450 shares during the period. Ieq Capital LLC purchased a new position in shares of Trinity Industries in the fourth quarter worth about $215,000. Y Intercept Hong Kong Ltd raised its position in shares of Trinity Industries by 45.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,635 shares of the transportation company's stock valued at $584,000 after purchasing an additional 5,166 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Trinity Industries by 87.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after purchasing an additional 713 shares during the period. 86.57% of the stock is owned by institutional investors.

Trinity Industries Stock Up 4.6%

Shares of TRN traded up $1.27 during mid-day trading on Wednesday, reaching $28.93. The company had a trading volume of 612,924 shares, compared to its average volume of 565,718. 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 4.32, a quick ratio of 0.87 and a current ratio of 1.70. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 17.86 and a beta of 1.45. The firm has a 50-day moving average price of $25.87 and a 200 day moving average price of $30.13.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its 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 11.47% and a net margin of 4.79%. The firm had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. During the same quarter in the prior year, the company posted $0.33 EPS. The company's quarterly revenue was down 27.7% on a year-over-year basis. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio (DPR) is 74.07%.

Analysts Set New Price Targets

TRN has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Susquehanna dropped their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

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.