Trinity Industries, Inc. (NYSE:TRN) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR lifted its holdings in Trinity Industries, Inc. (NYSE:TRN) by 6.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,317 shares of the transportation company’s stock after purchasing an additional 444 shares during the quarter. Stephens Inc. AR’s holdings in Trinity Industries were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Cerity Partners LLC boosted its position in shares of Trinity Industries by 8.2% in the 1st quarter. Cerity Partners LLC now owns 15,794 shares of the transportation company’s stock worth $443,000 after purchasing an additional 1,191 shares in the last quarter. Twelve Points Wealth Management LLC lifted its position in Trinity Industries by 23.4% during the 1st quarter. Twelve Points Wealth Management LLC now owns 51,898 shares of the transportation company’s stock worth $1,456,000 after acquiring an additional 9,840 shares during the period. Envestnet Asset Management Inc. lifted its position in Trinity Industries by 9.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 118,533 shares of the transportation company’s stock worth $3,326,000 after acquiring an additional 9,848 shares during the period. Principal Financial Group Inc. lifted its position in Trinity Industries by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 410,122 shares of the transportation company’s stock worth $11,508,000 after acquiring an additional 9,395 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Trinity Industries by 35.5% during the 1st quarter. Teacher Retirement System of Texas now owns 12,014 shares of the transportation company’s stock worth $337,000 after acquiring an additional 3,147 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Stock Performance

Shares of TRN stock opened at $26.30 on Monday. The stock has a market cap of $2.15 billion, a PE ratio of 16.23 and a beta of 1.45. The business has a 50-day simple moving average of $26.67 and a 200-day simple moving average of $29.39. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 4.32. Trinity Industries, Inc. has a 52-week low of $23.01 and a 52-week high of $39.83.

Trinity Industries (NYSE:TRN) last announced its quarterly 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). Trinity Industries had a net margin of 4.79% and a return on equity of 11.47%. The business had revenue of $585.40 million during the quarter, compared to analysts’ expectations of $614.02 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Trinity Industries’s revenue for the quarter was down 27.7% on a year-over-year basis. On average, equities analysts expect that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Announces Dividend

The firm 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 $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.56%. Trinity Industries’s dividend payout ratio is presently 74.07%.

Analysts Set New Price Targets

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

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.