State Street Corp Has $112.40 Million Stake in Trinity Industries, Inc. (NYSE:TRN)

State Street Corp grew its holdings in Trinity Industries, Inc. (NYSE:TRN) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,226,026 shares of the transportation company’s stock after purchasing an additional 73,183 shares during the quarter. State Street Corp’s holdings in Trinity Industries were worth $112,395,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in shares of Trinity Industries by 42.5% in the third quarter. Stifel Financial Corp now owns 87,424 shares of the transportation company’s stock valued at $3,046,000 after buying an additional 26,089 shares during the last quarter. HighTower Advisors LLC increased its position in Trinity Industries by 125.9% in the 3rd quarter. HighTower Advisors LLC now owns 56,979 shares of the transportation company’s stock valued at $1,975,000 after acquiring an additional 31,758 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Trinity Industries by 26.5% in the third quarter. Verition Fund Management LLC now owns 14,192 shares of the transportation company’s stock worth $494,000 after acquiring an additional 2,975 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Trinity Industries by 53.9% during the third quarter. BNP Paribas Financial Markets now owns 73,179 shares of the transportation company’s stock worth $2,550,000 after purchasing an additional 25,624 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Trinity Industries during the third quarter valued at approximately $293,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Trinity Industries Trading Down 0.2 %

Shares of NYSE TRN opened at $37.32 on Monday. Trinity Industries, Inc. has a fifty-two week low of $23.40 and a fifty-two week high of $39.00. The firm has a market capitalization of $3.07 billion, a P/E ratio of 18.20 and a beta of 1.39. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 1.08. The company’s 50 day simple moving average is $36.41 and its 200 day simple moving average is $33.34.

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

Trinity Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. This is a boost from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is 54.63%.

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.