Capital International Investors Boosts Stock Position in Trinity Industries, Inc. (NYSE:TRN)

Capital International Investors lifted its holdings in Trinity Industries, Inc. (NYSE:TRN) by 0.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,677,153 shares of the transportation company’s stock after purchasing an additional 31,313 shares during the quarter. Capital International Investors owned 10.60% of Trinity Industries worth $241,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TFO Wealth Partners LLC grew its holdings in shares of Trinity Industries by 22,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 1,118 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in Trinity Industries during the fourth quarter worth $32,000. Northwest Bank & Trust Co purchased a new position in Trinity Industries during the fourth quarter worth $66,000. Criterion Capital Advisors LLC purchased a new position in Trinity Industries during the fourth quarter worth $76,000. Finally, Tradewinds Capital Management LLC purchased a new position in Trinity Industries during the first quarter worth $111,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trinity Industries

In related news, CFO Eric R. Marchetto sold 8,816 shares of Trinity Industries stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, the chief financial officer now directly owns 224,888 shares in the company, valued at $6,746,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Trinity Industries Trading Up 0.1 %

Shares of NYSE:TRN traded up $0.02 on Friday, hitting $33.30. 491,044 shares of the company’s stock were exchanged, compared to its average volume of 553,884. Trinity Industries, Inc. has a 12 month low of $20.04 and a 12 month high of $34.24. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 22.35 and a beta of 1.41. The business’s 50 day simple moving average is $30.24 and its two-hundred day simple moving average is $27.92. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.88 and a quick ratio of 0.91.

Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $809.60 million during the quarter, compared to the consensus estimate of $750.97 million. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Analysts anticipate that Trinity Industries, Inc. will post 1.45 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.28 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.36%. Trinity Industries’s payout ratio is currently 75.17%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Susquehanna lifted their price objective on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. TD Cowen lifted their price objective on shares of Trinity Industries from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.