Victory Capital Management Inc. Has $10.72 Million Position in Trinity Industries, Inc. (NYSE:TRN)

Victory Capital Management Inc. cut its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 358,300 shares of the transportation company’s stock after selling 9,032 shares during the quarter. Victory Capital Management Inc. owned approximately 0.44% of Trinity Industries worth $10,720,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Trinity Industries by 4.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 417 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Trinity Industries by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 423 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Trinity Industries by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 36,223 shares of the transportation company’s stock worth $1,084,000 after acquiring an additional 497 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Trinity Industries by 0.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 70,243 shares of the transportation company’s stock worth $1,956,000 after acquiring an additional 574 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Trinity Industries by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the transportation company’s stock valued at $1,233,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

Trinity Industries Stock Performance

Trinity Industries stock opened at $31.90 on Friday. The company has a market cap of $2.63 billion, a PE ratio of 21.41 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a 1 year low of $20.04 and a 1 year high of $37.04. The company’s 50-day moving average is $31.95 and its two-hundred day moving average is $29.63.

Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.32. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The business had revenue of $841.40 million for the quarter, compared to analyst estimates of $738.00 million. During the same period in the prior year, the business posted $0.23 earnings per share. Trinity Industries’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s payout ratio is 75.17%.

Trinity Industries Company 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.