MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Trinity Industries, Inc. (NYSE:TRN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 944,030 shares of the transportation company's stock after purchasing an additional 50,767 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.15% of Trinity Industries worth $33,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in Trinity Industries during the fourth quarter worth about $104,136,000. American Century Companies Inc. boosted its position in Trinity Industries by 25.6% during the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock worth $76,777,000 after acquiring an additional 446,142 shares during the last quarter. Granite Investment Partners LLC acquired a new position in Trinity Industries during the fourth quarter worth about $14,532,000. Raymond James Financial Inc. acquired a new position in Trinity Industries during the fourth quarter worth about $11,322,000. Finally, Northern Trust Corp boosted its position in Trinity Industries by 33.6% during the fourth quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company's stock worth $41,138,000 after acquiring an additional 295,054 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Trinity Industries Trading Down 0.2%

NYSE:TRN traded down $0.07 on Friday, hitting $26.89. The stock had a trading volume of 435,735 shares, compared to its average volume of 571,974. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 16.39 and a beta of 1.47. The company has a fifty day moving average price of $26.54 and a two-hundred day moving average price of $32.57. Trinity Industries, Inc. has a 1-year low of $23.01 and a 1-year high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $585.40 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.33 earnings per share. Equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.46%. Trinity Industries's payout ratio is 74.07%.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, EVP Gregory B. Mitchell sold 9,286 shares of the business's stock in a transaction dated 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 directly owns 111,879 shares in the company, valued at $3,470,486.58. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRN has been the topic of a number of recent research reports. Susquehanna lowered their price target on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on shares of Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th.

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.