Trinity Industries, Inc. (NYSE:TRN) Position Lifted by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC grew its position in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,992,281 shares of the transportation company's stock after purchasing an additional 285,237 shares during the quarter. Trinity Industries makes up about 2.7% of Encompass Capital Advisors LLC's portfolio, making the stock its 7th biggest holding. Encompass Capital Advisors LLC owned 2.42% of Trinity Industries worth $69,929,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Trinity Industries by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 10,099,602 shares of the transportation company's stock valued at $354,496,000 after buying an additional 126,139 shares in the last quarter. Capital International Investors lifted its position in shares of Trinity Industries by 1.1% during the 4th quarter. Capital International Investors now owns 5,450,669 shares of the transportation company's stock valued at $191,388,000 after buying an additional 61,901 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Trinity Industries by 0.5% during the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company's stock valued at $125,947,000 after buying an additional 18,851 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Trinity Industries during the 4th quarter valued at approximately $104,136,000. Finally, American Century Companies Inc. lifted its position in shares of Trinity Industries by 25.6% during the 4th quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company's stock valued at $76,777,000 after buying an additional 446,142 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

Trinity Industries Stock Performance

TRN remained flat at $24.98 on Friday. 452,016 shares of the company's stock traded hands, compared to its average volume of 570,108. Trinity Industries, Inc. has a 52 week low of $23.01 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The firm's fifty day simple moving average is $26.83 and its 200-day simple moving average is $32.84. The company has a market capitalization of $2.04 billion, a PE ratio of 15.23 and a beta of 1.47.

Trinity Industries (NYSE:TRN - Get Free Report) last announced its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The business had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. During the same period last year, the firm earned $0.33 EPS. The company's revenue for the quarter was down 27.7% compared to the same quarter last year. On average, equities analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current 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 paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 4.80%. Trinity Industries's dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TRN shares. The Goldman Sachs Group decreased their target price on Trinity Industries from $36.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Susquehanna decreased their price objective on Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd.

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.