Trinity Industries, Inc. $TRN Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in Trinity Industries, Inc. (NYSE:TRN) by 43.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,796 shares of the transportation company’s stock after selling 69,895 shares during the quarter. Advisors Asset Management Inc.’s holdings in Trinity Industries were worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Trinity Industries in the first quarter worth $277,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Trinity Industries by 9.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,192 shares of the transportation company’s stock worth $623,000 after buying an additional 1,994 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Trinity Industries in the 1st quarter valued at about $301,000. XTX Topco Ltd grew its position in shares of Trinity Industries by 89.4% during the 1st quarter. XTX Topco Ltd now owns 20,329 shares of the transportation company’s stock valued at $570,000 after buying an additional 9,595 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of Trinity Industries by 3,418.2% during the 1st quarter. Headlands Technologies LLC now owns 1,548 shares of the transportation company’s stock valued at $43,000 after buying an additional 1,504 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group set a $31.00 target price on shares of Trinity Industries and gave the stock a “neutral” rating in a report on Friday, October 31st. Susquehanna reissued a “neutral” rating and issued a $23.00 price target on shares of Trinity Industries in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Trinity Industries in a research report on Wednesday, November 19th. Finally, Wall Street Zen raised Trinity Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Trinity Industries currently has an average rating of “Hold” and a consensus price target of $27.00.

Trinity Industries Stock Performance

Shares of NYSE TRN opened at $26.52 on Friday. Trinity Industries, Inc. has a 12-month low of $22.38 and a 12-month high of $39.83. The company has a market cap of $2.13 billion, a PE ratio of 23.26 and a beta of 1.52. The stock has a 50 day simple moving average of $27.05 and a 200-day simple moving average of $27.06. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 4.66.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, October 30th. The transportation company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. Trinity Industries had a return on equity of 8.49% and a net margin of 3.83%.The firm had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $532.66 million. During the same period last year, the firm earned $0.43 EPS. The firm’s revenue was down 43.2% compared to the same quarter last year. Trinity Industries has set its FY 2025 guidance at 1.550-1.70 EPS. On average, equities research analysts forecast that Trinity Industries, Inc. will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 4.5%. Trinity Industries’s dividend payout ratio is presently 105.26%.

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.