KBC Group NV Has $139,000 Stake in Trinity Industries, Inc. (NYSE:TRN)

KBC Group NV increased its position in Trinity Industries, Inc. (NYSE:TRN) by 71.6% in the 4th quarter, Holdings Channel reports. The firm owned 3,952 shares of the transportation company’s stock after buying an additional 1,649 shares during the quarter. KBC Group NV’s holdings in Trinity Industries were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Trinity Industries by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,357 shares of the transportation company’s stock worth $1,327,000 after acquiring an additional 1,974 shares during the period. Creative Planning raised its position in Trinity Industries by 22.7% in the second quarter. Creative Planning now owns 16,388 shares of the transportation company’s stock worth $490,000 after purchasing an additional 3,037 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Trinity Industries during the second quarter worth about $289,000. SG Americas Securities LLC boosted its holdings in Trinity Industries by 78.9% during the third quarter. SG Americas Securities LLC now owns 7,435 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 3,278 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Up 0.1 %

Shares of TRN opened at $37.68 on Friday. The business’s 50 day simple moving average is $36.90 and its 200-day simple moving average is $35.10. Trinity Industries, Inc. has a one year low of $23.67 and a one year high of $39.83. The company has a market capitalization of $3.10 billion, a P/E ratio of 18.38 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

Trinity Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio is presently 58.54%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company. Finally, StockNews.com lowered shares of 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.