Trinity Industries, Inc. $TRN Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Trinity Industries, Inc. (NYSE:TRN) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,333,043 shares of the transportation company’s stock after selling 110,278 shares during the period. Jennison Associates LLC’s holdings in Trinity Industries were worth $80,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRN. Smartleaf Asset Management LLC lifted its position in Trinity Industries by 24.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,538 shares of the transportation company’s stock valued at $41,000 after buying an additional 298 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Trinity Industries by 8.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,567 shares of the transportation company’s stock worth $179,000 after acquiring an additional 427 shares in the last quarter. Royal Bank of Canada increased its position in shares of Trinity Industries by 0.6% in the first quarter. Royal Bank of Canada now owns 73,775 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 457 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Trinity Industries by 94.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,016 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 494 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Trinity Industries by 3.5% in the 2nd quarter. Cerity Partners LLC now owns 16,343 shares of the transportation company’s stock valued at $441,000 after acquiring an additional 549 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRN shares. Wall Street Zen lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Susquehanna lowered their price target on Trinity Industries from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective on shares of Trinity Industries in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Trinity Industries in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Trinity Industries Trading Up 1.1%

TRN opened at $29.62 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 7.14 and a beta of 1.37. The firm’s 50 day moving average is $34.27 and its 200-day moving average is $33.13. Trinity Industries, Inc. has a 52-week low of $24.76 and a 52-week high of $38.31. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 4.56.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, July 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 29.88%.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company headquartered in Dallas, Texas, with roots dating back to its incorporation in 1933. The company principally serves the transportation, infrastructure and energy sectors through the design, manufacture and leasing of railcars and related components. Trinity operates multiple business segments that encompass railcar manufacturing, aftermarket parts production, railcar leasing and management, inland barge construction and leasing, as well as infrastructure products for highways and energy applications.

In its railcar segment, Trinity produces a broad portfolio of freight cars—including tank cars, covered hoppers, gondolas and autoracks—alongside critical system components such as braking systems, couplers and wheels.