ProShare Advisors LLC Sells 49,131 Shares of Trinity Industries, Inc. (NYSE:TRN)

ProShare Advisors LLC reduced its stake in Trinity Industries, Inc. (NYSE:TRN) by 15.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,860 shares of the transportation company’s stock after selling 49,131 shares during the period. ProShare Advisors LLC owned 0.32% of Trinity Industries worth $7,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Trinity Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock worth $257,333,000 after purchasing an additional 83,769 shares during the last quarter. Capital International Investors boosted its position in shares of Trinity Industries by 0.4% in the 1st quarter. Capital International Investors now owns 8,677,153 shares of the transportation company’s stock worth $241,659,000 after purchasing an additional 31,313 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Trinity Industries by 1.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,238,703 shares of the transportation company’s stock worth $32,937,000 after purchasing an additional 21,540 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Trinity Industries by 136.2% in the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after purchasing an additional 604,050 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Trinity Industries by 72.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 707,633 shares of the transportation company’s stock worth $18,816,000 after acquiring an additional 297,153 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Trinity Industries Stock Performance

TRN stock opened at $34.20 on Wednesday. The business’s 50-day moving average price is $32.53 and its two-hundred day moving average price is $30.11. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The firm has a market cap of $2.82 billion, a PE ratio of 22.95 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 earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.32. The firm had revenue of $841.40 million for the quarter, compared to analyst estimates of $738.00 million. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, research analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.28 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.27%. Trinity Industries’s dividend payout ratio (DPR) is 75.17%.

Trinity Industries 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.