SG Americas Securities LLC cut its holdings in Trinity Industries, Inc. (NYSE:TRN – Free Report) by 57.9% in the first quarter, Holdings Channel.com reports. The fund owned 13,245 shares of the transportation company’s stock after selling 18,250 shares during the quarter. SG Americas Securities LLC’s holdings in Trinity Industries were worth $426,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in TRN. Summit Global Investments bought a new position in shares of Trinity Industries during the 4th quarter valued at $345,000. XTX Topco Ltd bought a new stake in Trinity Industries in the fourth quarter worth $2,242,000. Voloridge Investment Management LLC bought a new stake in Trinity Industries in the fourth quarter worth $1,040,000. Tudor Investment Corp ET AL increased its position in Trinity Industries by 23.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 120,861 shares of the transportation company’s stock worth $3,196,000 after buying an additional 22,980 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Trinity Industries by 9.2% during the fourth quarter. Inspire Investing LLC now owns 17,724 shares of the transportation company’s stock worth $469,000 after buying an additional 1,487 shares during the last quarter. 86.57% of the stock is owned by institutional investors.
Trinity Industries Trading Up 0.7%
Shares of NYSE:TRN opened at $34.16 on Thursday. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.94 and a current ratio of 1.87. The stock’s 50-day moving average is $34.15 and its 200-day moving average is $31.97. The company has a market cap of $2.72 billion, a P/E ratio of 10.95 and a beta of 1.36. Trinity Industries, Inc. has a 52-week low of $22.38 and a 52-week high of $37.36.
Trinity Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.24 annualized dividend and a yield of 3.6%. Trinity Industries’s payout ratio is 39.74%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Trinity Industries in a research report on Thursday, April 30th. Weiss Ratings raised Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Wall Street Zen downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Susquehanna boosted their target price on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.50.
View Our Latest Research Report on TRN
Trinity Industries 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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