MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 50,767 Shares of Trinity Industries, Inc. (NYSE:TRN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 944,030 shares of the transportation company's stock after buying an additional 50,767 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.15% of Trinity Industries worth $33,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Focus Partners Wealth grew its holdings in Trinity Industries by 45.0% in the 4th quarter. Focus Partners Wealth now owns 8,365 shares of the transportation company's stock valued at $296,000 after buying an additional 2,595 shares in the last quarter. Encompass Capital Advisors LLC boosted its holdings in shares of Trinity Industries by 16.7% in the 4th quarter. Encompass Capital Advisors LLC now owns 1,992,281 shares of the transportation company's stock worth $69,929,000 after purchasing an additional 285,237 shares in the last quarter. Ethic Inc. purchased a new position in Trinity Industries during the 4th quarter valued at $300,000. Deutsche Bank AG boosted its stake in Trinity Industries by 197.2% in the 4th quarter. Deutsche Bank AG now owns 147,450 shares of the transportation company's stock worth $5,175,000 after purchasing an additional 97,843 shares in the last quarter. Finally, Centiva Capital LP grew its holdings in Trinity Industries by 12.7% during the fourth quarter. Centiva Capital LP now owns 10,106 shares of the transportation company's stock valued at $355,000 after purchasing an additional 1,142 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRN shares. The Goldman Sachs Group lowered their price objective 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. Susquehanna cut their price target on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd.

Trinity Industries Stock Down 0.6%

TRN traded down $0.16 during trading on Monday, hitting $26.71. 51,126 shares of the company's stock were exchanged, compared to its average volume of 571,269. The stock has a market cap of $2.18 billion, a P/E ratio of 16.28 and a beta of 1.47. The business's 50 day moving average is $26.54 and its two-hundred day moving average is $32.54. 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, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $585.40 million for the quarter, compared to analysts' expectations of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The business's revenue for the quarter was down 27.7% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. As a group, equities analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, July 15th. Trinity Industries's dividend payout ratio is presently 74.07%.

Insider Activity

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

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.