Northern Trust Corp Grows Position in Trinity Industries, Inc. (NYSE:TRN)

Northern Trust Corp grew its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,172,036 shares of the transportation company's stock after acquiring an additional 295,054 shares during the period. Northern Trust Corp owned about 1.43% of Trinity Industries worth $41,138,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wealthfront Advisers LLC bought a new position in Trinity Industries in the fourth quarter worth approximately $104,136,000. American Century Companies Inc. grew its stake in shares of Trinity Industries by 25.6% in 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 in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Trinity Industries during the 4th quarter worth about $14,532,000. Raymond James Financial Inc. purchased a new position in shares of Trinity Industries during the 4th quarter worth about $11,322,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Trinity Industries by 28.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 843,435 shares of the transportation company's stock worth $29,605,000 after purchasing an additional 184,603 shares during the period. 86.57% of the stock is owned by institutional investors.

Trinity Industries Stock Performance

Shares of TRN stock traded up $0.11 during trading hours on Wednesday, hitting $26.90. The company's stock had a trading volume of 95,948 shares, compared to its average volume of 568,383. The company has a 50 day moving average of $26.76 and a 200 day moving average of $32.78. The stock has a market cap of $2.19 billion, a PE ratio of 16.40 and a beta of 1.47. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. Trinity Industries, Inc. has a 12-month low of $23.01 and a 12-month high of $39.83.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Trinity Industries's revenue was down 27.7% on a year-over-year basis. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.46%. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Analysts Set New Price Targets

TRN has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of 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 reduced their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

Insiders Place Their Bets

In other news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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. This represents a 7.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

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.