Trinity Industries (NYSE:TRN) Sees Strong Trading Volume

Trinity Industries, Inc. (NYSE:TRN) saw an uptick in trading volume on Tuesday . 462,692 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 465,073 shares.The stock last traded at $26.45 and had previously closed at $26.43.

Analyst Ratings Changes

Separately, Susquehanna cut their target price on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trinity Industries has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Trinity Industries Stock Performance

The business’s fifty day moving average is $26.39 and its two-hundred day moving average is $25.30. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The stock has a market capitalization of $2.22 billion, a PE ratio of 21.56 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The firm had revenue of $797.90 million during the quarter, compared to analyst estimates of $749.25 million. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. Trinity Industries’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, research analysts anticipate that Trinity Industries, Inc. will post 1.46 EPS for the current fiscal year.

Trinity Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.28 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 4.12%. Trinity Industries’s dividend payout ratio is presently 88.89%.

Insider Buying and Selling

In related news, CFO Eric R. Marchetto sold 9,781 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now directly owns 233,704 shares in the company, valued at $6,543,712. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Trinity Industries

Several institutional investors and hedge funds have recently made changes to their positions in TRN. SG Americas Securities LLC bought a new stake in shares of Trinity Industries during the third quarter worth $1,032,000. Commonwealth Equity Services LLC lifted its position in shares of Trinity Industries by 5.8% during the third quarter. Commonwealth Equity Services LLC now owns 37,945 shares of the transportation company’s stock worth $924,000 after purchasing an additional 2,080 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Trinity Industries by 32.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,734 shares of the transportation company’s stock worth $383,000 after purchasing an additional 3,886 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Trinity Industries by 8.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 569,484 shares of the transportation company’s stock worth $13,867,000 after purchasing an additional 46,396 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Trinity Industries by 3.2% during the third quarter. Jennison Associates LLC now owns 4,720,106 shares of the transportation company’s stock worth $114,935,000 after purchasing an additional 146,341 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

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.