Private Advisor Group LLC decreased its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 5.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,821 shares of the transportation company’s stock after selling 622 shares during the period. Private Advisor Group LLC’s holdings in Trinity Industries were worth $327,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Trinity Industries by 0.6% during the 1st quarter. Swiss National Bank now owns 251,900 shares of the transportation company’s stock worth $6,688,000 after acquiring an additional 1,400 shares during the period. Creative Planning grew its holdings in shares of Trinity Industries by 17.0% during the 2nd quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock worth $570,000 after acquiring an additional 2,949 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Trinity Industries by 0.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 270,616 shares of the transportation company’s stock worth $7,185,000 after acquiring an additional 2,232 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Trinity Industries during the 1st quarter worth approximately $3,159,000. Finally, Legal & General Group Plc grew its holdings in shares of Trinity Industries by 35.4% during the 1st quarter. Legal & General Group Plc now owns 207,410 shares of the transportation company’s stock worth $5,506,000 after acquiring an additional 54,173 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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Shares of Trinity Industries, Inc. (TRN) opened at 29.66 on Tuesday. The company has a market capitalization of $4.49 billion, a PE ratio of 18.23 and a beta of 2.18. The stock has a 50 day moving average price of $28.69 and a 200-day moving average price of $27.27. Trinity Industries, Inc. has a 12 month low of $20.80 and a 12 month high of $30.13.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $905.50 million for the quarter, compared to analyst estimates of $947.40 million. Trinity Industries had a net margin of 6.20% and a return on equity of 5.75%. Trinity Industries’s revenue was down 23.6% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Analysts forecast that Trinity Industries, Inc. will post $1.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, October 12th. Trinity Industries’s payout ratio is 32.10%.

In other Trinity Industries news, major shareholder Valueact Capital Master Fund, acquired 60,819 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $28.39 per share, with a total value of $1,726,651.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 167,395 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $27.51 per share, for a total transaction of $4,605,036.45. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,709,624 shares of company stock worth $48,298,143. 2.00% of the stock is currently owned by corporate insiders.

TRN has been the topic of a number of research analyst reports. TheStreet upgraded Trinity Industries from a “c” rating to a “b-” rating in a report on Monday, August 14th. Stifel Nicolaus upgraded Trinity Industries from a “hold” rating to a “buy” rating and upped their target price for the stock from $29.00 to $31.00 in a report on Thursday, July 27th. They noted that the move was a valuation call. Buckingham Research initiated coverage on Trinity Industries in a report on Wednesday, June 21st. They set a “buy” rating and a $32.00 target price on the stock. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, ValuEngine upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.89.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation 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; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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