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

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

Several other institutional investors have also recently made changes to their positions in TRN. Nisa Investment Advisors LLC lifted its stake in Trinity Industries by 25.9% in the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after acquiring an additional 5,247 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Trinity Industries by 3,384.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock valued at $364,000 after purchasing an additional 10,152 shares in the last quarter. Twelve Points Wealth Management LLC lifted its position in shares of Trinity Industries by 7.8% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 37,772 shares of the transportation company’s stock worth $1,316,000 after purchasing an additional 2,744 shares during the period. Creative Planning boosted its stake in shares of Trinity Industries by 6.1% during the third quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock valued at $606,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in Trinity Industries during the third quarter valued at approximately $290,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Trinity Industries Stock Down 0.4 %

Shares of Trinity Industries stock opened at $37.22 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.00 and a debt-to-equity ratio of 4.39. The company has a market cap of $3.06 billion, a P/E ratio of 18.16 and a beta of 1.39. The firm’s 50 day moving average price is $34.62 and its 200-day moving average price is $32.34. Trinity Industries, Inc. has a 52-week low of $23.40 and a 52-week high of $38.69.

Trinity Industries (NYSE:TRN) last announced its earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $798.80 million during the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. Trinity Industries’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. On average, sell-side analysts predict that Trinity Industries, Inc. will post 1.75 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries’s dividend payout ratio is currently 54.63%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Susquehanna lowered Trinity Industries from a “positive” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a report on Monday, October 21st. StockNews.com lowered Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

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.