Vanguard Group Inc. Purchases 83,769 Shares of Trinity Industries, Inc. (NYSE:TRN)

Vanguard Group Inc. grew its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,677,808 shares of the transportation company’s stock after buying an additional 83,769 shares during the quarter. Vanguard Group Inc. owned 11.82% of Trinity Industries worth $257,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TFO Wealth Partners LLC lifted its holdings in Trinity Industries by 22,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock worth $30,000 after acquiring an additional 1,118 shares during the period. ICA Group Wealth Management LLC bought a new stake in shares of Trinity Industries during the 4th quarter worth $32,000. Ramirez Asset Management Inc. bought a new stake in shares of Trinity Industries during the 3rd quarter worth $32,000. Northwest Bank & Trust Co purchased a new position in shares of Trinity Industries in the 4th quarter worth about $66,000. Finally, Criterion Capital Advisors LLC bought a new position in Trinity Industries during the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Trinity Industries

In other news, CFO Eric R. Marchetto sold 8,816 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the sale, the chief financial officer now directly owns 224,888 shares of the company’s stock, valued at $6,746,640. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Trinity Industries Price Performance

TRN opened at $29.92 on Monday. The firm has a 50-day moving average price of $29.82 and a 200-day moving average price of $27.45. Trinity Industries, Inc. has a twelve month low of $20.04 and a twelve month high of $32.00. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 20.08 and a beta of 1.42.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $809.60 million during the quarter, compared to analyst estimates of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. Trinity Industries’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Equities analysts expect that Trinity Industries, Inc. will post 1.5 EPS for the current year.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.12 annualized dividend and a yield of 3.74%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Analysts Set New Price Targets

A number of research firms have weighed in on TRN. Susquehanna boosted their target price on shares of Trinity Industries from $30.00 to $34.00 and gave the company a “positive” rating in a research note on Thursday, May 2nd. TD Cowen upped their price objective on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.