XTX Topco Ltd grew its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 89.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,329 shares of the transportation company's stock after buying an additional 9,595 shares during the quarter. XTX Topco Ltd's holdings in Trinity Industries were worth $570,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Trinity Industries by 2.3% during the first quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company's stock worth $11,508,000 after acquiring an additional 9,395 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Trinity Industries by 1,142.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 85,199 shares of the transportation company's stock worth $2,391,000 after acquiring an additional 78,341 shares during the period. Fifth Third Bancorp grew its holdings in Trinity Industries by 3,212.1% during the first quarter. Fifth Third Bancorp now owns 12,023 shares of the transportation company's stock worth $337,000 after acquiring an additional 11,660 shares during the period. Twelve Points Wealth Management LLC grew its holdings in Trinity Industries by 23.4% during the first quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company's stock worth $1,456,000 after acquiring an additional 9,840 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Trinity Industries during the first quarter worth about $404,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TRN. The Goldman Sachs Group lowered their price target 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. Wall Street Zen cut Trinity Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Susquehanna lowered their target price on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th.
Check Out Our Latest Report on Trinity Industries
Trinity Industries Stock Performance
NYSE TRN traded down $0.12 on Friday, hitting $27.22. 932,434 shares of the company's stock were exchanged, compared to its average volume of 824,316. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01. The firm's 50-day moving average price is $26.60 and its two-hundred day moving average price is $28.31. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 23.87 and a beta of 1.49.
Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%. The business had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The business's revenue for the quarter was down 39.8% on a year-over-year basis. On average, research analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.
Trinity Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. Trinity Industries's dividend payout ratio is currently 105.26%.
Trinity Industries Profile
(
Free Report)
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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