Harbor Capital Advisors Inc. Sells 2,388 Shares of Trinity Industries, Inc. $TRN

Harbor Capital Advisors Inc. trimmed its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,935 shares of the transportation company’s stock after selling 2,388 shares during the period. Harbor Capital Advisors Inc.’s holdings in Trinity Industries were worth $565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC raised its stake in shares of Trinity Industries by 7.9% during the first quarter. Inspire Investing LLC now owns 12,234 shares of the transportation company’s stock valued at $343,000 after acquiring an additional 891 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Trinity Industries by 0.9% during the first quarter. Rhumbline Advisers now owns 253,749 shares of the transportation company’s stock valued at $7,120,000 after acquiring an additional 2,334 shares during the last quarter. Strs Ohio bought a new position in shares of Trinity Industries during the first quarter valued at about $25,000. Intech Investment Management LLC raised its stake in shares of Trinity Industries by 44.0% during the first quarter. Intech Investment Management LLC now owns 48,014 shares of the transportation company’s stock valued at $1,347,000 after acquiring an additional 14,678 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Trinity Industries by 1,341.9% during the first quarter. Jane Street Group LLC now owns 134,098 shares of the transportation company’s stock valued at $3,763,000 after acquiring an additional 124,798 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Trinity Industries Stock Down 2.2%

Shares of Trinity Industries stock opened at $27.98 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.96 and a debt-to-equity ratio of 4.66. Trinity Industries, Inc. has a twelve month low of $22.38 and a twelve month high of $39.83. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 24.55 and a beta of 1.53. The company’s 50 day moving average is $27.41 and its 200 day moving average is $26.97.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business had revenue of $506.20 million for the quarter, compared to analysts’ expectations of $589.96 million. During the same quarter in the prior year, the business earned $0.66 EPS. The company’s revenue was down 39.8% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. Research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th. Trinity Industries’s dividend payout ratio is 105.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of Trinity Industries from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.50.

About Trinity Industries

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.