21,500 Shares in Trinity Industries, Inc. (NYSE:TRN) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in Trinity Industries, Inc. (NYSE:TRN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,500 shares of the transportation company’s stock, valued at approximately $643,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRN. Encompass Capital Advisors LLC purchased a new stake in Trinity Industries in the second quarter worth $40,527,000. American Century Companies Inc. grew its stake in shares of Trinity Industries by 136.2% during the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after acquiring an additional 604,050 shares during the period. Millennium Management LLC increased its holdings in Trinity Industries by 180.7% in the 2nd quarter. Millennium Management LLC now owns 823,040 shares of the transportation company’s stock worth $24,625,000 after acquiring an additional 529,857 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Trinity Industries in the 2nd quarter valued at about $9,033,000. 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 valued at $18,816,000 after purchasing an additional 297,153 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

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

Trinity Industries Stock Up 2.0 %

Shares of NYSE TRN opened at $33.99 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. The company has a market cap of $2.78 billion, a P/E ratio of 22.81 and a beta of 1.39. Trinity Industries, Inc. has a 52 week low of $20.04 and a 52 week high of $37.04. The business has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $30.51.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.32. The company 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%. Trinity Industries’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. Research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

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 annualized dividend and a dividend yield of 3.30%. Trinity Industries’s payout ratio is currently 75.17%.

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.