XTX Topco Ltd Boosts Holdings in Trinity Industries, Inc. (NYSE:TRN)

XTX Topco Ltd boosted its holdings in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 89.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 20,329 shares of the transportation company's stock after buying an additional 9,595 shares during the period. XTX Topco Ltd's holdings in Trinity Industries were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in shares of Trinity Industries during the first quarter valued at about $1,603,000. Mackenzie Financial Corp purchased a new position in shares of Trinity Industries during the first quarter valued at about $301,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trinity Industries by 9.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,192 shares of the transportation company's stock worth $623,000 after acquiring an additional 1,994 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Trinity Industries in the first quarter worth about $277,000. Finally, Jennison Associates LLC grew its position in Trinity Industries by 2.0% in the first quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company's stock worth $102,739,000 after acquiring an additional 73,160 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group dropped their price target 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. Wall Street Zen lowered Trinity Industries from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Susquehanna dropped their target price on Trinity Industries from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th.

Trinity Industries Stock Down 0.4%

NYSE:TRN traded down $0.12 during trading hours on Friday, reaching $27.22. The company's stock had a trading volume of 932,434 shares, compared to its average volume of 824,316. The company has a market capitalization of $2.20 billion, a P/E ratio of 23.87 and a beta of 1.49. Trinity Industries, Inc. has a 12 month low of $22.38 and a 12 month high of $39.83. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The stock has a 50 day moving average price of $26.60 and a two-hundred day moving average price of $28.38.

Trinity Industries (NYSE:TRN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.12). The business had revenue of $506.20 million during the quarter, compared to the consensus estimate of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%. The business's quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. Equities analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. Trinity Industries's payout ratio is 105.26%.

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.