Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Trinity Industries, Inc. (NYSE:TRN) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,415 shares of the transportation company’s stock after selling 10,174 shares during the period. Rhumbline Advisers owned 0.31% of Trinity Industries worth $8,825,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. KBC Group NV grew its position in shares of Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after acquiring an additional 1,649 shares during the last quarter. Matrix Trust Co grew its position in Trinity Industries by 599.3% in the 4th quarter. Matrix Trust Co now owns 4,923 shares of the transportation company’s stock worth $173,000 after purchasing an additional 4,219 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Trinity Industries in the third quarter valued at approximately $204,000. M&T Bank Corp acquired a new position in shares of Trinity Industries during the third quarter worth approximately $248,000. Finally, Atria Investments Inc bought a new position in Trinity Industries in the 3rd quarter worth approximately $270,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. 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 began coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price target on the stock.

Trinity Industries Trading Up 0.3 %

Shares of TRN stock opened at $30.32 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The stock has a 50-day simple moving average of $36.11 and a 200 day simple moving average of $35.24. Trinity Industries, Inc. has a fifty-two week low of $24.11 and a fifty-two week high of $39.83. The stock has a market capitalization of $2.48 billion, a P/E ratio of 18.49 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 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a net margin of 4.49% and a return on equity of 11.78%. The company had revenue of $629.40 million during the quarter, compared to analyst estimates of $589.30 million. On average, sell-side analysts expect that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.30 dividend. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 annualized dividend and a yield of 3.96%. Trinity Industries’s payout ratio 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.