Dimensional Fund Advisors LP Decreases Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Dimensional Fund Advisors LP lowered its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 5,809,073 shares of the transportation company’s stock after selling 127,923 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Trinity Industries worth $173,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in Trinity Industries during the second quarter worth about $31,000. TFO Wealth Partners LLC raised its position 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 last quarter. ICA Group Wealth Management LLC acquired a new position in Trinity Industries during the fourth quarter worth about $32,000. Northwest Bank & Trust Co acquired a new position in Trinity Industries during the fourth quarter worth about $66,000. Finally, Tradewinds Capital Management LLC acquired a new position in Trinity Industries during the first quarter worth about $111,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

NYSE:TRN opened at $34.17 on Friday. The firm has a 50 day simple moving average of $32.39 and a 200-day simple moving average of $29.93. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.98. The firm has a market cap of $2.82 billion, a PE ratio of 22.93 and a beta of 1.39. Trinity Industries, Inc. has a 1-year low of $20.04 and a 1-year high of $37.04.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is 75.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

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.