Principal Financial Group Inc. Sells 16,017 Shares of Trinity Industries, Inc. (NYSE:TRN)

Principal Financial Group Inc. lowered its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 390,434 shares of the transportation company’s stock after selling 16,017 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of Trinity Industries worth $13,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRN. Matrix Trust Co bought a new stake in shares of Trinity Industries during the 3rd quarter worth $25,000. Innealta Capital LLC acquired a new position in Trinity Industries during the 2nd quarter worth $31,000. GAMMA Investing LLC boosted its holdings in Trinity Industries by 85.6% during the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 469 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Trinity Industries in the second quarter valued at about $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Trinity Industries in the second quarter worth about $175,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and increased their target price for the company from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a research note on Monday, November 18th. They set a “neutral” rating and a $39.00 target price for the company.

Trinity Industries Trading Down 1.2 %

Trinity Industries stock opened at $35.48 on Friday. Trinity Industries, Inc. has a 12 month low of $23.40 and a 12 month high of $39.00. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 17.31 and a beta of 1.39. The business has a 50 day moving average price of $36.53 and a two-hundred day moving average price of $33.68. 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 issued its earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $798.80 million during the quarter, compared to analysts’ expectations of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. Trinity Industries’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. As a group, equities analysts forecast that Trinity Industries, Inc. will post 1.75 EPS for the current year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio is 58.54%.

About Trinity Industries

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.