Marshall Wace LLP Sells 124,088 Shares of Trinity Industries, Inc. (NYSE:TRN)

Marshall Wace LLP decreased its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 71.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,700 shares of the transportation company's stock after selling 124,088 shares during the period. Marshall Wace LLP owned approximately 0.06% of Trinity Industries worth $1,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRN. Vanguard Group Inc. raised its stake 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 worth $354,496,000 after buying an additional 126,139 shares during the period. Jennison Associates LLC lifted its holdings in shares of Trinity Industries by 0.5% during the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock valued at $125,947,000 after purchasing an additional 18,851 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Trinity Industries during the 4th quarter worth approximately $104,136,000. American Century Companies Inc. raised its holdings 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 worth $76,777,000 after buying an additional 446,142 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Trinity Industries by 28.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 843,435 shares of the transportation company's stock valued at $29,605,000 after buying an additional 184,603 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Trinity Industries Stock Performance

Shares of NYSE:TRN remained flat at $25.05 on Wednesday. 639,908 shares of the company's stock were exchanged, compared to its average volume of 573,064. Trinity Industries, Inc. has a 1 year low of $23.50 and a 1 year high of $39.83. The company's fifty day moving average price is $27.75 and its two-hundred day moving average price is $33.44. The firm has a market cap of $2.04 billion, a P/E ratio of 15.27 and a beta of 1.49. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN - Get Free Report) last released its earnings results on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The firm had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. As a group, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.79%. Trinity Industries's dividend payout ratio (DPR) is presently 73.17%.

Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TRN shares. The Goldman Sachs Group reduced their target price on shares of 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 decreased their price objective on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a report 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.