Trinity Industries, Inc. (NYSE:TRN) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in Trinity Industries, Inc. (NYSE:TRN) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,063 shares of the transportation company’s stock after acquiring an additional 1,227 shares during the quarter. Bank of Montreal Can’s holdings in Trinity Industries were worth $529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Trinity Industries by 387.2% in the 3rd quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock worth $6,254,000 after purchasing an additional 142,660 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Trinity Industries by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,005 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 338 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Trinity Industries by 17.9% during the 3rd quarter. Tidal Investments LLC now owns 16,186 shares of the transportation company’s stock worth $564,000 after acquiring an additional 2,456 shares in the last quarter. Matrix Trust Co grew its holdings in shares of Trinity Industries by 599.3% in the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock worth $173,000 after acquiring an additional 4,219 shares during the last quarter. Finally, Spring Capital Management LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth $632,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Down 1.4 %

NYSE:TRN opened at $25.02 on Tuesday. Trinity Industries, Inc. has a 1-year low of $23.50 and a 1-year high of $39.83. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.26 and a beta of 1.49. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35. The business’s fifty day moving average price is $28.84 and its 200 day moving average price is $33.85.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. On average, sell-side analysts forecast that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s dividend payout ratio is currently 73.17%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRN. The Goldman Sachs Group dropped their price target on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Susquehanna boosted their price target on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, March 3rd.

Insider Transactions at Trinity Industries

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the completion of the sale, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

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.