Capital Fund Management S.A. Buys 84,667 Shares of Trinity Industries, Inc. $TRN

Capital Fund Management S.A. increased its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 800.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,241 shares of the transportation company’s stock after acquiring an additional 84,667 shares during the period. Capital Fund Management S.A. owned about 0.12% of Trinity Industries worth $2,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in Trinity Industries during the 1st quarter worth about $22,940,000. Millennium Management LLC boosted its position in shares of Trinity Industries by 329.2% during the first quarter. Millennium Management LLC now owns 637,990 shares of the transportation company’s stock worth $17,902,000 after buying an additional 489,348 shares during the period. Invesco Ltd. grew its holdings in shares of Trinity Industries by 48.5% during the first quarter. Invesco Ltd. now owns 1,281,326 shares of the transportation company’s stock worth $35,954,000 after buying an additional 418,371 shares in the last quarter. American Century Companies Inc. raised its position in Trinity Industries by 15.9% in the 1st quarter. American Century Companies Inc. now owns 2,534,417 shares of the transportation company’s stock valued at $71,116,000 after buying an additional 347,051 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Trinity Industries by 508.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 380,753 shares of the transportation company’s stock valued at $10,684,000 after acquiring an additional 318,151 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Trinity Industries Stock Performance

Shares of TRN stock opened at $27.11 on Thursday. Trinity Industries, Inc. has a 52 week low of $22.38 and a 52 week high of $39.83. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 23.78 and a beta of 1.48. The company has a 50-day simple moving average of $26.97 and a 200 day simple moving average of $27.05. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.80 and a current ratio of 1.88.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $532.66 million. Trinity Industries had a net margin of 4.39% and a return on equity of 8.18%. The business’s revenue was down 43.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. On average, sell-side analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, January 15th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.30. Trinity Industries’s payout ratio is 105.26%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group set a $31.00 price objective on shares of Trinity Industries and gave the stock a “neutral” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of Trinity Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Susquehanna restated a “neutral” rating and set a $23.00 target price on shares of Trinity Industries in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Trinity Industries in a research note on Monday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

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.