6,858 Shares in Trinity Industries, Inc. (NYSE:TRN) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of Trinity Industries, Inc. (NYSE:TRN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,858 shares of the transportation company’s stock, valued at approximately $241,000.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC purchased a new stake in shares of Trinity Industries in the 4th quarter valued at approximately $35,000. Millstone Evans Group LLC purchased a new stake in shares of Trinity Industries in the 4th quarter valued at approximately $54,000. Smartleaf Asset Management LLC increased its position in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Trinity Industries by 15.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 398 shares during the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Trinity Industries in the 4th quarter valued at approximately $208,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $26.25 on Tuesday. The company’s fifty day moving average price is $25.64 and its 200 day moving average price is $30.93. Trinity Industries, Inc. has a 12 month low of $23.01 and a 12 month high of $39.83. 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 capitalization of $2.14 billion, a P/E ratio of 16.00 and a beta of 1.46.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $585.40 million for the quarter, compared to analyst estimates of $614.02 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Trinity Industries’s revenue was down 27.7% compared to the same quarter last year. As a group, sell-side analysts predict 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 Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.57%. Trinity Industries’s dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

A number of brokerages have commented on TRN. The Goldman Sachs Group dropped their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Susquehanna dropped their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd.

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.