Tudor Investment Corp ET AL Increases Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Tudor Investment Corp ET AL raised its holdings in shares of Trinity Industries, Inc. (NYSE:TRN - Free Report) by 134.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,453 shares of the transportation company's stock after buying an additional 72,013 shares during the quarter. Tudor Investment Corp ET AL owned about 0.15% of Trinity Industries worth $4,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TRN. Arizona State Retirement System grew its holdings in Trinity Industries by 1.5% in the 4th quarter. Arizona State Retirement System now owns 23,928 shares of the transportation company's stock worth $840,000 after acquiring an additional 364 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Trinity Industries by 15.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company's stock worth $105,000 after purchasing an additional 398 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Trinity Industries by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,550 shares of the transportation company's stock worth $300,000 after purchasing an additional 543 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Trinity Industries by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company's stock valued at $54,000 after purchasing an additional 713 shares during the period. Finally, Everstar Asset Management LLC raised its position in Trinity Industries by 6.2% during the 4th quarter. Everstar Asset Management LLC now owns 13,994 shares of the transportation company's stock valued at $491,000 after purchasing an additional 813 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the sale, the executive vice president now directly owns 111,879 shares of the company's stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company's stock.

Trinity Industries Stock Up 2.3 %

Shares of TRN stock traded up $0.56 during midday trading on Friday, reaching $24.94. 576,250 shares of the stock were exchanged, compared to its average volume of 567,712. Trinity Industries, Inc. has a 1 year low of $23.01 and a 1 year high of $39.83. The firm has a market cap of $2.04 billion, a PE ratio of 15.21 and a beta of 1.47. The company's 50 day moving average is $27.41 and its two-hundred day moving average is $33.21. 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 (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The firm had revenue of $585.40 million during the quarter, compared to the consensus estimate of $614.02 million. During the same quarter last year, the company posted $0.33 EPS. Trinity Industries's revenue for the quarter was down 27.7% compared to the same quarter last year. On average, equities research analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Tuesday, April 15th. Trinity Industries's dividend payout ratio is 74.07%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRN. The Goldman Sachs Group cut their price objective 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 reduced their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

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.