Yousif Capital Management LLC Sells 817 Shares of Trinity Industries, Inc. (NYSE:TRN)

Yousif Capital Management LLC decreased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,238 shares of the transportation company’s stock after selling 817 shares during the period. Yousif Capital Management LLC’s holdings in Trinity Industries were worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TRN. Jennison Associates LLC grew its position in Trinity Industries by 0.5% during the 4th quarter. Jennison Associates LLC now owns 3,588,234 shares of the transportation company’s stock worth $125,947,000 after acquiring an additional 18,851 shares during the last quarter. State Street Corp grew its position in Trinity Industries by 2.3% during the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after acquiring an additional 73,183 shares during the last quarter. Geode Capital Management LLC grew its position in Trinity Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock worth $64,418,000 after acquiring an additional 24,832 shares during the last quarter. Royce & Associates LP grew its position in Trinity Industries by 8.2% during the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after acquiring an additional 27,870 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in Trinity Industries by 125.0% during the 3rd quarter. Algert Global LLC now owns 297,230 shares of the transportation company’s stock worth $10,355,000 after buying an additional 165,105 shares during the period. Institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Down 2.3 %

Shares of NYSE:TRN opened at $34.35 on Friday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.75 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. The business’s 50-day moving average is $36.73 and its 200-day moving average is $35.27. Trinity Industries, Inc. has a 1 year low of $23.67 and a 1 year high of $39.83.

Trinity Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.49%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, January 15th. Trinity Industries’s payout ratio is currently 58.54%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRN. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 target price on the stock.

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.