Charles Schwab Investment Management Inc. Sells 2,757 Shares of Trinity Industries, Inc. (NYSE:TRN)

Charles Schwab Investment Management Inc. trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,336,176 shares of the transportation company’s stock after selling 2,757 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Trinity Industries were worth $46,552,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRN. Wealth Enhancement Advisory Services LLC lifted its stake in Trinity Industries by 4.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Trinity Industries by 5.1% during the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock worth $262,000 after acquiring an additional 423 shares during the last quarter. GAMMA Investing LLC boosted its stake in Trinity Industries by 85.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Trinity Industries by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock valued at $1,084,000 after acquiring an additional 497 shares during the period. Finally, CWM LLC grew its position in shares of Trinity Industries by 13.3% during the 3rd quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after purchasing an additional 609 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Price Performance

Shares of TRN opened at $37.70 on Monday. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The business’s fifty day moving average is $35.70 and its 200 day moving average is $32.84. Trinity Industries, Inc. has a 12-month low of $23.40 and a 12-month high of $38.69. The stock has a market cap of $3.10 billion, a P/E ratio of 18.39 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. Sell-side analysts anticipate that Trinity Industries, Inc. will post 1.75 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.97%. Trinity Industries’s dividend payout ratio is presently 54.63%.

Analyst Upgrades and Downgrades

TRN has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.