Ameriprise Financial Inc. cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,879 shares of the transportation company’s stock after selling 4,088 shares during the quarter. Ameriprise Financial Inc. owned 0.32% of Trinity Industries worth $13,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atlantic Trust Group LLC acquired a new stake in shares of Trinity Industries during the second quarter worth $618,000. Creative Planning raised its position in Trinity Industries by 17.0% in the second quarter. Creative Planning now owns 20,344 shares of the transportation company’s stock worth $570,000 after acquiring an additional 2,949 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Trinity Industries by 0.8% in the first 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 in the last quarter. Point72 Asset Management L.P. purchased a new position in Trinity Industries in the first quarter worth $3,159,000. Finally, Legal & General Group Plc raised its position in Trinity Industries by 35.4% in the first 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 in the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.

In other Trinity Industries news, major shareholder Holdings L.P. Valueact purchased 100,000 shares of Trinity Industries stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $27.38 per share, for a total transaction of $2,738,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Valueact Capital Master Fund, purchased 54,055 shares of Trinity Industries stock in a transaction on Friday, September 8th. The shares were acquired at an average price of $28.46 per share, with a total value of $1,538,405.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,709,624 shares of company stock valued at $48,298,143 in the last quarter. 2.00% of the stock is currently owned by insiders.

Several research analysts have issued reports on TRN shares. Buckingham Research started coverage on Trinity Industries in a research report on Wednesday, June 21st. They issued a “buy” rating and a $32.00 price objective for the company. Axiom Securities reiterated a “sell” rating and issued a $11.00 price objective on shares of Trinity Industries in a research report on Friday, June 30th. BidaskClub upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. ValuEngine cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $34.25.

Trinity Industries, Inc. (NYSE:TRN) opened at 34.73 on Friday. The firm has a 50-day moving average price of $30.24 and a 200 day moving average price of $27.83. Trinity Industries, Inc. has a 52-week low of $20.80 and a 52-week high of $35.97. The stock has a market cap of $5.26 billion, a PE ratio of 21.35 and a beta of 2.19.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. Equities analysts anticipate that Trinity Industries, Inc. will post $1.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.50%. Trinity Industries’s dividend payout ratio (DPR) is presently 32.10%.

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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.

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

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