First Trust Advisors LP Increases Position in Trinity Industries, Inc. (NYSE:TRN)

First Trust Advisors LP grew its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,254 shares of the transportation company's stock after acquiring an additional 16,402 shares during the period. First Trust Advisors LP owned 0.22% of Trinity Industries worth $6,467,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Capital International Investors boosted its stake in Trinity Industries by 1.1% in the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock worth $191,388,000 after purchasing an additional 61,901 shares during the period. Farringdon Capital Ltd. purchased a new stake in shares of Trinity Industries in the fourth quarter worth about $230,000. Guggenheim Capital LLC boosted its position in shares of Trinity Industries by 1.0% in the fourth quarter. Guggenheim Capital LLC now owns 195,173 shares of the transportation company's stock valued at $6,851,000 after acquiring an additional 1,861 shares during the period. Summit Investment Advisors Inc. grew its stake in Trinity Industries by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock valued at $300,000 after acquiring an additional 543 shares in the last quarter. Finally, Granite Investment Partners LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $14,532,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Trinity Industries Price Performance

TRN stock traded up $0.03 during midday trading on Monday, reaching $25.02. The company had a trading volume of 42,947 shares, compared to its average volume of 565,658. The firm has a 50-day moving average price of $27.41 and a 200-day moving average price of $33.20. The company has a market capitalization of $2.04 billion, a P/E ratio of 15.24 and a beta of 1.47. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year 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.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data 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 4.49% and a return on equity of 11.78%. The firm had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. During the same period in the prior year, the business posted $0.33 earnings per share. The business's quarterly revenue was down 27.7% on a year-over-year basis. On average, research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Tuesday, April 15th. Trinity Industries's dividend payout ratio is 74.07%.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the completion of the transaction, the executive vice president now owns 111,879 shares of the company's stock, valued at $3,470,486.58. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

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.