Trinity Industries (NYSE:TRN) Sees Strong Trading Volume

Trinity Industries, Inc. (NYSE:TRN) shares saw strong trading volume on Tuesday . 462,692 shares traded hands during 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.

Wall Street Analysts Forecast Growth

Separately, Susquehanna reduced their target price on Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Trinity Industries Price Performance

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. The company has a 50-day moving average of $26.39 and a 200 day moving average of $25.30.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The firm had revenue of $797.90 million during the quarter, compared to analysts’ expectations of $749.25 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. Sell-side analysts predict that Trinity Industries, Inc. will post 1.46 EPS for the current year.

Trinity Industries Announces Dividend

The company 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s payout ratio is 88.89%.

Insider Buying and Selling

In related news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Trinity Industries

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

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.