Tokio Marine Asset Management Co. Ltd. Acquires New Position in Trinity Industries, Inc. (TRN)

Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Trinity Industries, Inc. (NYSE:TRN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,300 shares of the transportation company’s stock, valued at approximately $645,000.

Several other institutional investors also recently made changes to their positions in the stock. Texas Permanent School Fund raised its stake in Trinity Industries by 0.7% in the third quarter. Texas Permanent School Fund now owns 116,091 shares of the transportation company’s stock valued at $2,807,000 after buying an additional 781 shares in the last quarter. Seven Bridges Advisors LLC acquired a new stake in Trinity Industries during the third quarter valued at about $138,000. DUPONT CAPITAL MANAGEMENT Corp raised its stake in Trinity Industries by 139.3% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 163,737 shares of the transportation company’s stock valued at $3,959,000 after buying an additional 95,302 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in Trinity Industries by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,505 shares of the transportation company’s stock valued at $133,000 after buying an additional 27 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in Trinity Industries during the third quarter valued at about $212,000. Institutional investors own 81.18% of the company’s stock.

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

Shares of Trinity Industries, Inc. (NYSE TRN) traded up 0.19% on Friday, reaching $26.77. The company had a trading volume of 1,990,752 shares. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 14.03 and a beta of 2.16. The stock’s 50 day moving average is $26.58 and its 200 day moving average is $27.20. Trinity Industries, Inc. has a 52 week low of $17.20 and a 52 week high of $30.13.

Trinity Industries (NYSE:TRN) last released its earnings results on Tuesday, April 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $877.30 million for the quarter, compared to analyst estimates of $904.66 million. Trinity Industries had a net margin of 6.81% and a return on equity of 6.82%. The firm’s quarterly revenue was down 26.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. On average, equities analysts anticipate that Trinity Industries, Inc. will post $1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.94%. Trinity Industries’s dividend payout ratio is 23.04%.

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Several research firms recently issued reports on TRN. Zacks Investment Research lowered Trinity Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. TheStreet lowered Trinity Industries from a “b-” rating to a “c+” rating in a research note on Monday, February 27th. BidaskClub raised Trinity Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday. Axiom Securities reaffirmed a “sell” rating on shares of Trinity Industries in a research note on Friday. Finally, ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.50.

In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $724,343.62. Following the sale, the insider now directly owns 236,707 shares in the company, valued at approximately $6,180,419.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Trinity Industries Company Profile

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

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