Vanguard Group Inc. cut its holdings in shares of Trinity Industries, Inc. (NYSE:TRN – Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,230,748 shares of the transportation company’s stock after selling 56,732 shares during the quarter. Vanguard Group Inc. owned 0.12% of Trinity Industries worth $244,061,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its holdings in shares of Trinity Industries by 10.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 82,722 shares of the transportation company’s stock worth $2,187,000 after purchasing an additional 7,930 shares during the period. A&I Financial Services LLC bought a new position in Trinity Industries in the fourth quarter valued at approximately $731,000. TD Waterhouse Canada Inc. increased its stake in Trinity Industries by 4.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 65,144 shares of the transportation company’s stock valued at $1,721,000 after acquiring an additional 2,579 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Trinity Industries by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,701 shares of the transportation company’s stock valued at $653,000 after acquiring an additional 2,509 shares during the last quarter. Finally, Lincoln Capital Corp bought a new position in Trinity Industries in the fourth quarter valued at approximately $264,000. 86.57% of the stock is owned by institutional investors.
Trinity Industries Stock Performance
NYSE TRN opened at $36.57 on Friday. The firm’s fifty day moving average price is $32.41 and its two-hundred day moving average price is $29.71. The stock has a market cap of $2.91 billion, a PE ratio of 11.72 and a beta of 1.40. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $37.27. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.94 and a current ratio of 1.87.
Trinity Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, April 15th. Trinity Industries’s payout ratio is 39.74%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on TRN. Susquehanna lifted their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective on shares of Trinity Industries in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.50.
Read Our Latest Research Report on TRN
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.
In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.
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