Empowered Funds LLC increased its position in shares of Trinity Industries, Inc. (NYSE:TRN – Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,706 shares of the transportation company’s stock after acquiring an additional 19,084 shares during the period. Empowered Funds LLC’s holdings in Trinity Industries were worth $10,513,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Capital International Investors lifted its position in shares of Trinity Industries by 65.1% during the fourth quarter. Capital International Investors now owns 8,927,843 shares of the transportation company’s stock worth $236,251,000 after purchasing an additional 3,518,796 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in Trinity Industries during the 3rd quarter worth approximately $15,673,000. Millennium Management LLC increased its stake in Trinity Industries by 329.2% during the 1st quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after buying an additional 489,348 shares during the period. Bank of America Corp DE lifted its holdings in Trinity Industries by 99.9% during the 2nd quarter. Bank of America Corp DE now owns 772,648 shares of the transportation company’s stock worth $20,869,000 after buying an additional 386,102 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Trinity Industries by 46.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,158,014 shares of the transportation company’s stock valued at $30,618,000 after buying an additional 368,604 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.
Trinity Industries Price Performance
Shares of NYSE TRN opened at $34.33 on Friday. The stock’s 50-day simple moving average is $34.72 and its 200-day simple moving average is $32.95. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.00 and a beta of 1.36. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $38.31. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.94 and a current ratio of 1.87.
Trinity Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, July 15th. Trinity Industries’s payout ratio is currently 39.74%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TRN. Susquehanna upped their price objective on Trinity Industries from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Trinity Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price on shares of Trinity Industries in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.50.
View Our Latest Research Report on TRN
About Trinity Industries
Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.
In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.
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