Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,809,073 shares of the transportation company’s stock after selling 127,923 shares during the quarter. Dimensional Fund Advisors LP owned about 7.05% of Trinity Industries worth $173,807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Trinity Industries in the second quarter valued at $31,000. TFO Wealth Partners LLC increased its stake in Trinity Industries by 22,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,123 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 1,118 shares during the period. ICA Group Wealth Management LLC acquired a new position in Trinity Industries in the fourth quarter valued at $32,000. Northwest Bank & Trust Co acquired a new position in Trinity Industries in the fourth quarter valued at $66,000. Finally, Tradewinds Capital Management LLC acquired a new position in Trinity Industries in the first quarter valued at $111,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Trinity Industries Stock Up 0.1 %

Shares of NYSE:TRN opened at $34.17 on Friday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 22.93 and a beta of 1.39. The firm’s 50-day simple moving average is $32.39 and its 200-day simple moving average is $29.93. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. Trinity Industries, Inc. has a fifty-two week low of $20.04 and a fifty-two week high of $37.04.

Trinity Industries (NYSE:TRN) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.32. The business had revenue of $841.40 million for the quarter, compared to the consensus estimate of $738.00 million. Trinity Industries had a net margin of 4.98% and a return on equity of 13.66%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, equities research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s dividend payout ratio is currently 75.17%.

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.