Dimensional Fund Advisors LP Acquires 47,668 Shares of Trinity Industries, Inc. (NYSE:TRN)

Dimensional Fund Advisors LP lifted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,058,174 shares of the transportation company's stock after buying an additional 47,668 shares during the period. Dimensional Fund Advisors LP owned approximately 7.40% of Trinity Industries worth $161,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ramirez Asset Management Inc. bought a new stake in Trinity Industries during the third quarter worth approximately $32,000. Huntington National Bank increased its holdings in shares of Trinity Industries by 61.8% in the third quarter. Huntington National Bank now owns 1,382 shares of the transportation company's stock valued at $34,000 after buying an additional 528 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Trinity Industries in the fourth quarter valued at $76,000. International Assets Investment Management LLC increased its holdings in shares of Trinity Industries by 2,559.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company's stock valued at $212,000 after buying an additional 7,677 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Trinity Industries in the third quarter valued at $216,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRN has been the topic of several research reports. Susquehanna upped their price target on 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 Trinity Industries from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.00.

Trinity Industries Trading Down 0.1 %

NYSE TRN traded down $0.03 on Friday, hitting $31.05. 232,695 shares of the stock were exchanged, compared to its average volume of 506,890. The company's 50-day moving average price is $27.82 and its two-hundred day moving average price is $26.24. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.91. Trinity Industries, Inc. has a 52-week low of $20.04 and a 52-week high of $31.59. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 20.84 and a beta of 1.39.

Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. The business had revenue of $809.60 million for the quarter, compared to analysts' expectations of $750.97 million. During the same period in the previous year, the company posted $0.07 EPS. Trinity Industries's revenue was up 26.2% on a year-over-year basis. Research analysts predict that Trinity Industries, Inc. will post 1.5 EPS for the current year.

Trinity Industries Announces Dividend

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

Insider Buying and Selling

In related news, CFO Eric R. Marchetto sold 8,816 shares of the company's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Eric R. Marchetto sold 8,816 shares of the company's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric R. Marchetto sold 9,781 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares of the company's stock, valued at $6,543,712. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

About Trinity Industries

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.