Twelve Points Wealth Management LLC Buys 4,286 Shares of Trinity Industries, Inc. (NYSE:TRN)

Twelve Points Wealth Management LLC raised its position in Trinity Industries, Inc. (NYSE:TRN) by 11.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 42,058 shares of the transportation company’s stock after buying an additional 4,286 shares during the period. Twelve Points Wealth Management LLC owned about 0.05% of Trinity Industries worth $1,476,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRN. State Street Corp lifted its holdings in Trinity Industries by 2.3% in the third quarter. State Street Corp now owns 3,226,026 shares of the transportation company’s stock valued at $112,395,000 after buying an additional 73,183 shares during the period. HighTower Advisors LLC raised its position in shares of Trinity Industries by 125.9% during 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 during the last quarter. Intech Investment Management LLC acquired a new position in shares of Trinity Industries in the 3rd quarter valued at $572,000. Royce & Associates LP boosted its position in shares of Trinity Industries by 8.2% in the 3rd quarter. Royce & Associates LP now owns 367,421 shares of the transportation company’s stock worth $12,801,000 after purchasing an additional 27,870 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Trinity Industries during the second quarter worth $1,049,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Trinity Industries Stock Down 1.7 %

NYSE:TRN opened at $37.75 on Wednesday. Trinity Industries, Inc. has a 1 year low of $23.67 and a 1 year high of $39.83. The stock has a 50-day moving average price of $36.89 and a two-hundred day moving average price of $34.85. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 18.41 and a beta of 1.40. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $798.80 million during the quarter, compared to analyst estimates of $696.00 million. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. Trinity Industries’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. As a group, equities analysts expect that Trinity Industries, Inc. will post 1.75 earnings per share for the current year.

Trinity Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, January 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 58.54%.

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.