Trinity Industries, Inc. $TRN Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Trinity Industries, Inc. (NYSE:TRN) by 19.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,405 shares of the transportation company’s stock after acquiring an additional 2,382 shares during the quarter. Fifth Third Bancorp’s holdings in Trinity Industries were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRN. Jennison Associates LLC grew its position in shares of Trinity Industries by 2.0% during the 1st quarter. Jennison Associates LLC now owns 3,661,394 shares of the transportation company’s stock valued at $102,739,000 after acquiring an additional 73,160 shares during the period. American Century Companies Inc. grew its holdings in Trinity Industries by 15.9% in the first quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company’s stock valued at $71,116,000 after purchasing an additional 347,051 shares during the period. Invesco Ltd. increased its position in shares of Trinity Industries by 48.5% in the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company’s stock valued at $35,954,000 after buying an additional 418,371 shares in the last quarter. Northern Trust Corp increased its position in shares of Trinity Industries by 2.6% in the first quarter. Northern Trust Corp now owns 1,202,608 shares of the transportation company’s stock valued at $33,745,000 after buying an additional 30,572 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Trinity Industries in the first quarter valued at approximately $22,940,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TRN shares. Wall Street Zen upgraded Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Susquehanna cut their price objective on Trinity Industries from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Trinity Industries has an average rating of “Hold” and an average target price of $27.50.

Trinity Industries Stock Performance

NYSE TRN opened at $28.01 on Wednesday. The stock’s fifty day moving average is $27.59 and its two-hundred day moving average is $26.89. The firm has a market capitalization of $2.26 billion, a P/E ratio of 24.57 and a beta of 1.52. The company has a debt-to-equity ratio of 4.66, a quick ratio of 1.01 and a current ratio of 1.96. Trinity Industries, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $39.83.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). The company had revenue of $506.20 million for the quarter, compared to analyst estimates of $589.96 million. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The business’s quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. Trinity Industries has set its FY 2025 guidance at 1.400-1.60 EPS. On average, research analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

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

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.