Dimensional Fund Advisors LP Lowers Stake in Trinity Industries, Inc. (NYSE:TRN)

Dimensional Fund Advisors LP cut its holdings in Trinity Industries, Inc. (NYSE:TRN) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,335,657 shares of the transportation company’s stock after selling 239,259 shares during the quarter. Dimensional Fund Advisors LP owned about 6.49% of Trinity Industries worth $187,284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Shields Capital Management LLC purchased a new position in shares of Trinity Industries during the fourth quarter worth about $35,000. Millstone Evans Group LLC purchased a new position in shares of Trinity Industries in the 4th quarter valued at approximately $54,000. Smartleaf Asset Management LLC grew its stake in shares of Trinity Industries by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,532 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 713 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Trinity Industries by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,997 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 398 shares during the period. Finally, KBC Group NV raised its stake in shares of Trinity Industries by 71.6% during the fourth quarter. KBC Group NV now owns 3,952 shares of the transportation company’s stock worth $139,000 after purchasing an additional 1,649 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Trinity Industries Stock Performance

NYSE:TRN opened at $24.59 on Thursday. The firm’s fifty day simple moving average is $28.43 and its 200-day simple moving average is $33.73. The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 4.35. The stock has a market cap of $2.01 billion, a PE ratio of 14.99 and a beta of 1.49. Trinity Industries, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $39.83.

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

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.88%. The ex-dividend date is Tuesday, April 15th. Trinity Industries’s payout ratio is currently 73.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRN. Susquehanna lowered their price objective on shares of Trinity Industries from $35.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday. The Goldman Sachs Group cut their target price on Trinity Industries from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th.

Insider Buying and Selling

In related news, EVP Gregory B. Mitchell sold 9,286 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $31.02, for a total value of $288,051.72. Following the sale, the executive vice president now owns 111,879 shares of the company’s stock, valued at approximately $3,470,486.58. This represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

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.