Principal Financial Group Inc. Raises Stake in Trinity Industries, Inc. (NYSE:TRN)

Principal Financial Group Inc. boosted its position in Trinity Industries, Inc. (NYSE:TRN) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,727 shares of the transportation company’s stock after buying an additional 10,293 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of Trinity Industries worth $14,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TRN. Algert Global LLC boosted its position in Trinity Industries by 125.0% in the third quarter. Algert Global LLC now owns 297,230 shares of the transportation company’s stock valued at $10,355,000 after buying an additional 165,105 shares during the last quarter. Barclays PLC boosted its position in Trinity Industries by 387.2% in the third quarter. Barclays PLC now owns 179,500 shares of the transportation company’s stock valued at $6,254,000 after buying an additional 142,660 shares during the last quarter. State Street Corp boosted its position in Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock worth $112,395,000 after purchasing an additional 73,183 shares in the last quarter. Citigroup Inc. boosted its position in Trinity Industries by 81.5% in the 3rd quarter. Citigroup Inc. now owns 115,775 shares of the transportation company’s stock worth $4,034,000 after purchasing an additional 51,988 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Trinity Industries by 611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 51,912 shares of the transportation company’s stock worth $1,809,000 after purchasing an additional 44,615 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TRN has been the topic of a number of recent analyst reports. StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. 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 target price on the stock.

Trinity Industries Stock Up 1.1 %

NYSE TRN opened at $31.13 on Thursday. The business has a fifty day moving average price of $35.99 and a 200 day moving average price of $35.23. Trinity Industries, Inc. has a one year low of $24.21 and a one year high of $39.83. The company has a debt-to-equity ratio of 4.35, a quick ratio of 1.08 and a current ratio of 1.80. The company has a market cap of $2.55 billion, a P/E ratio of 18.98 and a beta of 1.40.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The firm had revenue of $629.40 million during the quarter, compared to the consensus estimate of $589.30 million. Research analysts anticipate that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $0.30 dividend. The ex-dividend date was Wednesday, January 15th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.86%. Trinity Industries’s dividend payout ratio (DPR) is 73.17%.

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.