Citigroup Inc. Purchases 51,988 Shares of Trinity Industries, Inc. (NYSE:TRN)

Citigroup Inc. lifted its position in Trinity Industries, Inc. (NYSE:TRN) by 81.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,775 shares of the transportation company’s stock after buying an additional 51,988 shares during the quarter. Citigroup Inc. owned about 0.14% of Trinity Industries worth $4,034,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Trinity Industries by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,070 shares of the transportation company’s stock worth $1,562,000 after purchasing an additional 2,873 shares during the period. Twelve Points Wealth Management LLC lifted its position in Trinity Industries by 8.5% in the second quarter. Twelve Points Wealth Management LLC now owns 35,028 shares of the transportation company’s stock worth $1,048,000 after purchasing an additional 2,739 shares during the period. Sequoia Financial Advisors LLC lifted its position in Trinity Industries by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 8,771 shares of the transportation company’s stock worth $262,000 after purchasing an additional 423 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Trinity Industries by 4.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,842 shares of the transportation company’s stock worth $265,000 after purchasing an additional 417 shares during the period. Finally, Welch Group LLC bought a new position in Trinity Industries in the second quarter worth $344,000. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Price Performance

Shares of TRN stock opened at $37.35 on Wednesday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 18.22 and a beta of 1.39. Trinity Industries, Inc. has a 12 month low of $23.40 and a 12 month high of $38.69. The stock has a 50-day moving average price of $35.84 and a 200 day moving average price of $32.93. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. During the same quarter in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts expect that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, October 15th. Trinity Industries’s dividend payout ratio is 54.63%.

Analyst Ratings Changes

TRN has been the subject of a number of analyst reports. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Monday, October 21st. The Goldman Sachs Group began coverage on Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target for the company. Finally, StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.