Trinity Industries, Inc. $TRN Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 37.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,923 shares of the transportation company’s stock after buying an additional 77,670 shares during the period. ProShare Advisors LLC owned about 0.36% of Trinity Industries worth $7,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Trinity Industries in the 2nd quarter valued at about $34,584,000. BlackRock Inc. grew its holdings in shares of Trinity Industries by 2.9% in the 2nd quarter. BlackRock Inc. now owns 13,356,707 shares of the transportation company’s stock worth $461,875,000 after acquiring an additional 370,390 shares during the period. PDT Partners LLC purchased a new position in shares of Trinity Industries in the second quarter valued at $12,424,000. Empowered Funds LLC purchased a new stake in shares of Trinity Industries in the second quarter valued at about $12,174,000. Finally, State Street Corp grew its holdings in Trinity Industries by 6.3% during the 2nd quarter. State Street Corp now owns 4,123,807 shares of the transportation company’s stock valued at $142,601,000 after buying an additional 245,434 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Trading Up 6.7%

Trinity Industries stock opened at $31.88 on Thursday. Trinity Industries, Inc. has a 52-week low of $24.28 and a 52-week high of $38.31. The company has a quick ratio of 0.94, a current ratio of 1.88 and a debt-to-equity ratio of 4.71. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 7.97 and a beta of 1.36. The firm has a 50-day moving average price of $27.31 and a two-hundred day moving average price of $31.39.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $535.10 million during the quarter, compared to analyst estimates of $543.36 million. Trinity Industries had a return on equity of 18.13% and a net margin of 15.39%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Sell-side analysts expect that Trinity Industries, Inc. will post 2.30 earnings per share for the current year.

Trinity Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 31.00%.

Insider Transactions at Trinity Industries

In other Trinity Industries news, EVP Kevin Poet sold 17,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $29.55, for a total value of $502,350.00. Following the sale, the executive vice president directly owned 69,225 shares in the company, valued at approximately $2,045,598.75. The trade was a 19.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Susquehanna reduced their price objective on shares of Trinity Industries from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Weiss Ratings lowered shares of Trinity Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Finally, The Goldman Sachs Group set a $30.00 target price on Trinity Industries in a research report on Tuesday, October 20th. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Trinity Industries has a consensus rating of “Hold” and a consensus target price of $32.00.

About Trinity Industries

Trinity Industries, Inc is a North American industrial company focused primarily on rail transportation products and services. Through its TrinityRail business, the company designs and manufactures freight railcars, including covered hoppers, gondolas, tank cars and other specialized rail equipment used to transport commodities and industrial goods.

TrinityRail also provides railcar leasing, fleet management, maintenance and refurbishment services. These offerings support railroads, shippers and other fleet owners throughout the life cycle of their equipment, from initial design and production to ongoing maintenance and compliance services.

Founded in 1933 and headquartered in Dallas, Texas, Trinity Industries has historically operated across several industrial and infrastructure markets, but has increasingly concentrated on its rail platform.