KBC Group NV Has $139,000 Stake in Trinity Industries, Inc. (NYSE:TRN)

KBC Group NV raised its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 71.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,952 shares of the transportation company’s stock after buying an additional 1,649 shares during the period. KBC Group NV’s holdings in Trinity Industries were worth $139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRN. State Street Corp raised its stake in shares of Trinity Industries by 2.3% in the 3rd quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after acquiring an additional 73,183 shares in the last quarter. Geode Capital Management LLC grew its holdings in Trinity Industries by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,848,591 shares of the transportation company’s stock valued at $64,418,000 after purchasing an additional 24,832 shares during the last quarter. Royce & Associates LP raised its position in shares of Trinity Industries by 8.2% in the third quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock valued at $12,801,000 after purchasing an additional 27,870 shares during the period. Algert Global LLC lifted its stake in shares of Trinity Industries by 125.0% in the third 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 last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Trinity Industries by 6.7% in the third quarter. Advisors Asset Management Inc. now owns 202,063 shares of the transportation company’s stock worth $7,040,000 after buying an additional 12,658 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Trinity Industries Trading Up 0.1 %

Shares of TRN stock opened at $37.68 on Friday. The firm has a market capitalization of $3.10 billion, a P/E ratio of 18.38 and a beta of 1.40. Trinity Industries, Inc. has a 1 year low of $23.67 and a 1 year high of $39.83. The firm’s fifty day simple moving average is $36.90 and its 200 day simple moving average is $35.10. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39.

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Wednesday, January 15th. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is presently 58.54%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a report on Monday, November 18th. They issued a “neutral” rating and a $39.00 target price on the stock. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $35.00 in a research report on Monday, October 21st.

Trinity Industries Company 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.