Trinity Industries, Inc. (NYSE:TRN) Stock Holdings Boosted by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 180,057 shares of the transportation company’s stock after purchasing an additional 12,242 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of Trinity Industries worth $5,387,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UniSuper Management Pty Ltd bought a new stake in Trinity Industries in the first quarter worth about $544,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Trinity Industries in the 2nd quarter worth approximately $1,824,000. American Century Companies Inc. raised its holdings in shares of Trinity Industries by 136.2% in the 2nd quarter. American Century Companies Inc. now owns 1,047,663 shares of the transportation company’s stock worth $31,346,000 after purchasing an additional 604,050 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Trinity Industries by 29.3% during the first quarter. Advisors Asset Management Inc. now owns 228,371 shares of the transportation company’s stock valued at $6,360,000 after purchasing an additional 51,767 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Trinity Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 9,677,808 shares of the transportation company’s stock worth $257,333,000 after buying an additional 83,769 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of TRN opened at $34.05 on Thursday. Trinity Industries, Inc. has a one year low of $20.04 and a one year high of $37.04. The company has a 50-day moving average of $32.58 and a two-hundred day moving average of $30.14. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.91 and a quick ratio of 0.98. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 22.85 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.32. The firm had revenue of $841.40 million for the quarter, compared to analysts’ expectations of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, equities research analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s dividend payout ratio is currently 75.17%.

Wall Street Analyst Weigh In

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

Trinity Industries Company 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.