6,400 Shares in Trinity Industries, Inc. (NYSE:TRN) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinity Industries, Inc. (NYSE:TRN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,400 shares of the transportation company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Trinity Industries by 33.6% during the fourth quarter. Northern Trust Corp now owns 1,172,036 shares of the transportation company’s stock worth $41,138,000 after acquiring an additional 295,054 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Trinity Industries by 134.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 125,453 shares of the transportation company’s stock worth $4,403,000 after acquiring an additional 72,013 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Trinity Industries during the fourth quarter worth $434,000. Dark Forest Capital Management LP purchased a new stake in shares of Trinity Industries during the fourth quarter worth $495,000. Finally, MetLife Investment Management LLC raised its holdings in Trinity Industries by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 49,863 shares of the transportation company’s stock valued at $1,750,000 after buying an additional 2,718 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trinity Industries

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the transaction, the executive vice president now directly owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Susquehanna cut their target price on Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd.

Trinity Industries Price Performance

NYSE TRN opened at $26.89 on Friday. Trinity Industries, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $39.83. The stock’s 50-day moving average is $26.54 and its two-hundred day moving average is $32.57. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The firm has a market cap of $2.19 billion, a P/E ratio of 16.39 and a beta of 1.47.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, May 1st. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $585.40 million for the quarter, compared to the consensus estimate of $614.02 million. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. Trinity Industries’s quarterly revenue was down 27.7% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. On average, analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.46%. Trinity Industries’s payout ratio is presently 74.07%.

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.