Charles Schwab Investment Management Inc. Has $33.60 Million Position in Trinity Industries, Inc. (NYSE:TRN)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263,458 shares of the transportation company's stock after purchasing an additional 82,256 shares during the period. Charles Schwab Investment Management Inc. owned about 1.54% of Trinity Industries worth $33,595,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ramirez Asset Management Inc. purchased a new stake in Trinity Industries in the 3rd quarter worth approximately $32,000. Huntington National Bank grew its stake in Trinity Industries by 61.8% in the 3rd quarter. Huntington National Bank now owns 1,382 shares of the transportation company's stock worth $34,000 after acquiring an additional 528 shares during the period. Criterion Capital Advisors LLC purchased a new stake in Trinity Industries in the 4th quarter worth approximately $76,000. International Assets Investment Management LLC boosted its holdings in shares of Trinity Industries by 2,559.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,977 shares of the transportation company's stock valued at $212,000 after purchasing an additional 7,677 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Trinity Industries in the 3rd quarter valued at $216,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TRN shares. TD Cowen lifted their price target on shares of Trinity Industries from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Susquehanna lifted their price target 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.00.

Trinity Industries Stock Down 2.4 %

Shares of NYSE:TRN traded down $0.73 during midday trading on Wednesday, hitting $30.21. 315,323 shares of the company's stock traded hands, compared to its average volume of 504,416. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $31.59. The company has a market cap of $2.47 billion, a PE ratio of 20.28 and a beta of 1.39. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88. The firm's fifty day moving average price is $28.11 and its two-hundred day moving average price is $26.45.

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

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Monday, July 15th. Trinity Industries's dividend payout ratio is presently 75.17%.

Insider Activity at Trinity Industries

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

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.