Capital International Inc. CA Sells 1,898 Shares of Trinity Industries, Inc. (NYSE:TRN)

Capital International Inc. CA lowered its stake in shares of Trinity Industries, Inc. (NYSE:TRN) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,395 shares of the transportation company’s stock after selling 1,898 shares during the quarter. Capital International Inc. CA owned about 0.07% of Trinity Industries worth $2,120,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TRN. Wealthfront Advisers LLC acquired a new stake in shares of Trinity Industries during the 4th quarter worth $104,136,000. American Century Companies Inc. grew its stake in Trinity Industries by 25.6% during the fourth quarter. American Century Companies Inc. now owns 2,187,366 shares of the transportation company’s stock worth $76,777,000 after buying an additional 446,142 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Trinity Industries during the fourth quarter worth about $14,532,000. Raymond James Financial Inc. bought a new position in Trinity Industries in the 4th quarter valued at about $11,322,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Trinity Industries by 28.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 843,435 shares of the transportation company’s stock valued at $29,605,000 after buying an additional 184,603 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Trinity Industries from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday. Susquehanna lifted their price target on Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd.

Insider Buying and Selling

In other news, EVP Gregory B. Mitchell sold 9,286 shares of Trinity Industries stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $31.02, for a total transaction of $288,051.72. Following the transaction, the executive vice president now owns 111,879 shares in the company, valued at approximately $3,470,486.58. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $25.35 on Monday. Trinity Industries, Inc. has a one year low of $23.50 and a one year high of $39.83. The company has a debt-to-equity ratio of 4.35, a current ratio of 1.80 and a quick ratio of 1.08. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 15.46 and a beta of 1.49. The firm has a 50 day simple moving average of $29.05 and a 200 day simple moving average of $33.92.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Thursday, February 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million for the quarter, compared to the consensus estimate of $589.30 million. Research analysts predict that Trinity Industries, Inc. will post 1.65 earnings per share for the current fiscal year.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.73%. Trinity Industries’s dividend payout ratio (DPR) is presently 73.17%.

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.