Zurcher Kantonalbank Zurich Cantonalbank Has $623,000 Stock Holdings in Trinity Industries, Inc. (NYSE:TRN)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,192 shares of the transportation company’s stock after purchasing an additional 1,994 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Trinity Industries were worth $623,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRN. Stephens Inc. AR grew its stake in Trinity Industries by 6.5% during the first quarter. Stephens Inc. AR now owns 7,317 shares of the transportation company’s stock worth $205,000 after buying an additional 444 shares during the last quarter. Matrix Trust Co increased its holdings in shares of Trinity Industries by 60.2% during the first quarter. Matrix Trust Co now owns 7,888 shares of the transportation company’s stock worth $221,000 after buying an additional 2,965 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $225,000. Farringdon Capital Ltd. acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $230,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth approximately $241,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Price Performance

TRN opened at $27.00 on Thursday. Trinity Industries, Inc. has a one year low of $22.38 and a one year high of $39.83. The company has a debt-to-equity ratio of 4.66, a current ratio of 1.96 and a quick ratio of 1.01. The company’s 50 day simple moving average is $26.54 and its 200-day simple moving average is $28.53. The stock has a market capitalization of $2.18 billion, a P/E ratio of 23.68 and a beta of 1.49.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a net margin of 3.83% and a return on equity of 8.49%. The company had revenue of $506.20 million for the quarter, compared to the consensus estimate of $589.96 million. During the same period last year, the company earned $0.66 earnings per share. Trinity Industries’s revenue for the quarter was down 39.8% compared to the same quarter last year. Sell-side analysts anticipate 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 was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, July 15th. Trinity Industries’s dividend payout ratio is 105.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRN. Wall Street Zen lowered shares of Trinity Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Susquehanna dropped their price objective on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 17th.

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.