Capital International Investors Acquires 31,313 Shares of Trinity Industries, Inc. (NYSE:TRN)

Capital International Investors lifted its holdings in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,677,153 shares of the transportation company’s stock after acquiring an additional 31,313 shares during the period. Capital International Investors owned approximately 0.11% of Trinity Industries worth $241,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in Trinity Industries during the fourth quarter worth about $1,090,000. Chesapeake Capital Corp IL purchased a new position in Trinity Industries during the fourth quarter worth about $908,000. Criterion Capital Advisors LLC purchased a new position in Trinity Industries during the fourth quarter worth about $76,000. Cullen Investment Group LTD. purchased a new position in Trinity Industries during the fourth quarter worth about $366,000. Finally, Mach 1 Financial Group LLC purchased a new position in Trinity Industries during the fourth quarter worth about $464,000. 86.57% of the stock is owned by institutional investors.

Trinity Industries Stock Performance

TRN traded up $0.02 during midday trading on Friday, reaching $33.30. The company had a trading volume of 491,044 shares, compared to its average volume of 553,884. The stock has a market cap of $2.73 billion, a PE ratio of 22.35 and a beta of 1.41. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88. The business has a 50-day moving average price of $30.24 and a two-hundred day moving average price of $27.92. Trinity Industries, Inc. has a 12-month low of $20.04 and a 12-month high of $34.24.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $809.60 million for the quarter, compared to analysts’ expectations of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. Trinity Industries’s revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.45 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Monday, July 15th. Trinity Industries’s payout ratio is 75.17%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. TD Cowen boosted their target price on shares of Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Insider Transactions at Trinity Industries

In other news, CFO Eric R. Marchetto sold 8,816 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $264,480.00. Following the completion of the sale, the chief financial officer now owns 224,888 shares of the company’s stock, valued at approximately $6,746,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Trinity Industries 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.