Short Interest in Trinity Industries, Inc. (NYSE:TRN) Decreases By 16.9%

Trinity Industries, Inc. (NYSE:TRN - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,430,000 shares, a decrease of 16.9% from the April 15th total of 1,720,000 shares. Currently, 1.8% of the company's stock are sold short. Based on an average daily volume of 548,600 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Several research firms have commented on TRN. Susquehanna upped their price objective on shares of Trinity Industries from $30.00 to $34.00 and gave the company a "positive" rating in a report on Thursday, May 2nd. TD Cowen upped their price target on shares of Trinity Industries from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.00.

Insider Buying and Selling at Trinity Industries

In related news, CFO Eric R. Marchetto sold 8,816 shares of the business's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The sale was disclosed in a filing with the SEC, which is available through this link. In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now owns 224,888 shares of the company's stock, valued at $6,746,640. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Eric R. Marchetto sold 9,781 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Trinity Industries

A number of institutional investors have recently modified their holdings of TRN. Louisiana State Employees Retirement System acquired a new position in Trinity Industries in the fourth quarter valued at about $1,090,000. Criterion Capital Advisors LLC bought a new stake in shares of Trinity Industries during the 4th quarter worth approximately $76,000. Charles Schwab Investment Management Inc. boosted its position in shares of Trinity Industries by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,181,202 shares of the transportation company's stock worth $28,762,000 after acquiring an additional 68,165 shares in the last quarter. Jennison Associates LLC increased its stake in Trinity Industries by 3.2% in the third quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company's stock valued at $114,935,000 after acquiring an additional 146,341 shares during the last quarter. Finally, Cullen Investment Group LTD. bought a new position in Trinity Industries in the fourth quarter valued at approximately $366,000. 86.57% of the stock is currently owned by institutional investors.

Trinity Industries Stock Performance

Shares of TRN stock traded down $0.25 on Monday, hitting $30.99. The company's stock had a trading volume of 438,518 shares, compared to its average volume of 512,466. Trinity Industries has a fifty-two week low of $20.04 and a fifty-two week high of $31.59. The company has a market capitalization of $2.54 billion, a PE ratio of 20.97 and a beta of 1.39. The stock's 50 day moving average is $27.28 and its 200-day moving average is $25.95. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The firm had revenue of $809.60 million for the quarter, compared to analyst estimates of $750.97 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business's revenue was up 26.2% compared to the same quarter last year. Equities research analysts expect that Trinity Industries will post 1.5 earnings per share for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 3.61%. Trinity Industries's dividend payout ratio is presently 75.17%.

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.