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

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

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Trinity Industries by 1.3% during the 4th 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 increased its position in Trinity Industries by 1.1% during the 4th 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 position in Trinity Industries during the 4th quarter valued at about $104,136,000. American Century Companies Inc. increased its position in Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after purchasing an additional 446,142 shares during the period. Finally, Encompass Capital Advisors LLC increased its position in Trinity Industries by 16.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock valued at $69,929,000 after purchasing an additional 285,237 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trinity Industries Stock Down 0.5%

NYSE:TRN opened at $27.03 on Friday. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83. The stock has a market capitalization of $2.21 billion, a P/E ratio of 16.68 and a beta of 1.46. 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's 50-day simple moving average is $25.77 and its 200-day simple moving average is $30.27.

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 for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. 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 business posted $0.33 earnings per share. The firm's quarterly revenue was down 27.7% on a year-over-year basis. On average, equities analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Tuesday, July 15th. Trinity Industries's dividend payout ratio is currently 74.07%.

Trinity Industries 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.

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