Choreo LLC Sells 535 Shares of Trinity Industries, Inc. (NYSE:TRN)

Choreo LLC cut its position in Trinity Industries, Inc. (NYSE:TRN) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,018 shares of the transportation company’s stock after selling 535 shares during the quarter. Choreo LLC’s holdings in Trinity Industries were worth $352,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRN. GAMMA Investing LLC raised its position in Trinity Industries by 85.6% in the third quarter. GAMMA Investing LLC now owns 1,017 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 469 shares during the last quarter. KBC Group NV raised its position in Trinity Industries by 71.6% in the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 1,649 shares during the last quarter. Matrix Trust Co raised its position in shares of Trinity Industries by 599.3% during the fourth quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock worth $173,000 after acquiring an additional 4,219 shares during the last quarter. CWM LLC raised its position in shares of Trinity Industries by 13.3% during the third quarter. CWM LLC now owns 5,197 shares of the transportation company’s stock worth $181,000 after acquiring an additional 609 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Trinity Industries during the third quarter worth about $204,000. 86.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Trinity Industries Trading Down 0.7 %

NYSE TRN opened at $35.22 on Friday. The business has a 50 day simple moving average of $36.84 and a 200 day simple moving average of $35.25. Trinity Industries, Inc. has a one year low of $23.67 and a one year high of $39.83. The stock has a market capitalization of $2.89 billion, a P/E ratio of 17.18 and a beta of 1.40. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08.

Trinity Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 annualized dividend and a yield of 3.41%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is currently 58.54%.

Trinity Industries 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.