Vanguard Group Inc. reduced its position in shares of Trinity Industries Inc. (NYSE:TRN) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,923,218 shares of the company’s stock after selling 1,050,481 shares during the period. Vanguard Group Inc. owned about 7.82% of Trinity Industries worth $221,415,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. BlackRock Group LTD increased its stake in shares of Trinity Industries by 8.0% in the first quarter. BlackRock Group LTD now owns 197,562 shares of the company’s stock worth $3,616,000 after buying an additional 14,572 shares during the period. State Street Corp increased its stake in shares of Trinity Industries by 1.7% in the first quarter. State Street Corp now owns 4,002,036 shares of the company’s stock worth $73,280,000 after buying an additional 68,123 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Trinity Industries by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,644,976 shares of the company’s stock worth $85,050,000 after buying an additional 30,402 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Trinity Industries by 6.2% in the second quarter. Ameriprise Financial Inc. now owns 459,483 shares of the company’s stock worth $8,532,000 after buying an additional 26,794 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Trinity Industries during the first quarter worth $195,000. Institutional investors and hedge funds own 72.15% of the company’s stock.
Trinity Industries Inc. (NYSE:TRN) opened at 23.03 on Friday. Trinity Industries Inc. has a 1-year low of $14.94 and a 1-year high of $30.38. The company has a market cap of $3.51 billion, a PE ratio of 5.95 and a beta of 2.16. The stock has a 50 day moving average price of $24.00 and a 200 day moving average price of $20.81.
Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, July 21st. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. Trinity Industries had a return on equity of 14.62% and a net margin of 10.91%. The firm earned $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned $1.33 EPS. Equities analysts forecast that Trinity Industries Inc. will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.04 annualized dividend and a yield of 0.17%. Trinity Industries’s payout ratio is 11.37%.
A number of equities research analysts have recently weighed in on TRN shares. Wells Fargo & Co. reiterated a “hold” rating and issued a $22.00 price target on shares of Trinity Industries in a report on Monday, September 19th. Zacks Investment Research downgraded Trinity Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Credit Agricole SA initiated coverage on Trinity Industries in a research note on Friday, September 30th. They set an “underperform” rating and a $26.00 price objective for the company. KeyCorp restated a “buy” rating and set a $28.00 price objective on shares of Trinity Industries in a research note on Monday, October 3rd. Finally, Stifel Nicolaus upped their price objective on Trinity Industries from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, September 30th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €21.11 ($23.46).
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns a range of businesses providing products and services to the energy, transportation, chemical and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
Receive News & Ratings for Trinity Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.