XTX Topco Ltd Grows Stake in Trinity Industries, Inc. $TRN

XTX Topco Ltd boosted its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 103.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,346 shares of the transportation company’s stock after acquiring an additional 21,017 shares during the quarter. XTX Topco Ltd owned 0.05% of Trinity Industries worth $1,117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TRN. Strs Ohio bought a new stake in shares of Trinity Industries during the 1st quarter valued at about $25,000. Parkside Financial Bank & Trust boosted its holdings in shares of Trinity Industries by 129.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,058 shares of the transportation company’s stock worth $29,000 after buying an additional 597 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Trinity Industries by 75.4% in the second quarter. GAMMA Investing LLC now owns 1,114 shares of the transportation company’s stock worth $30,000 after buying an additional 479 shares during the last quarter. Headlands Technologies LLC grew its position in Trinity Industries by 3,418.2% during the first quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock valued at $43,000 after buying an additional 1,504 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in Trinity Industries during the second quarter valued at approximately $43,000. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Up 0.2%

TRN opened at $26.52 on Friday. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 23.26 and a beta of 1.52. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. The firm’s fifty day moving average is $27.05 and its 200 day moving average is $27.06. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business had revenue of $454.10 million during the quarter, compared to analyst estimates of $532.66 million. During the same quarter in the prior year, the business posted $0.43 EPS. Trinity Industries’s revenue for the quarter was down 43.2% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is 105.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRN. Weiss Ratings reiterated a “hold (c)” rating on shares of Trinity Industries in a research note on Wednesday, November 19th. The Goldman Sachs Group set a $31.00 target price on Trinity Industries and gave the stock a “neutral” rating in a report on Friday, October 31st. Susquehanna reiterated a “neutral” rating and set a $23.00 target price on shares of Trinity Industries in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.00.

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.